labpd - Applied Econometrics Lab 3 The aim of this exercise...

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Applied Econometrics – Lab 3 The aim of this exercise is to replicate the results of Stock and Watson, Chapter 8. This exercise uses the Panel Data set: fatality.xls The data are for the “lower 48” U.S. states (excluding Alaska and Hawaii), annually for 1982 through 1988. Variables are detailed in the table below. Data Series: Series Descriptions state State ID (FIPS) Code year Year spircons Spirits Consumption unrate Unemployment Rate perinc Per Capita Personal Income emppop Employment/Population Ratio beertax Tax on Case of Beer sobapt % Southern Baptist mormon % Mormon mlda Minimum Legal Drinking Age dry % Residing in Dry Counties yngdrv % of Drivers Aged 15-24 vmiles Ave. Mile per Driver breath Prelim. Breath Test Law jaild Mandatory Jail Sentence comserd Mandatory Community Service allmort # of Vehicle Fatalities (#VF) mrall Vehicle Fatality Rate (VFR) allnite # of Night-time VF (#NVF) mralln Night-time VFR (NFVR) allsvn # of Single VF (#SVN) a1517 #VF, 15-17 year olds mra1517
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labpd - Applied Econometrics Lab 3 The aim of this exercise...

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