broiler.def
YEAR Q Y PCHICK PBEEF PCOR PF CPI QPRODA POP MEATEX TIME
Obs: 52 annual observations, 1950-2001
Q per-capita consumption of chicken, pounds, boneless equivalent (USDA data system)
Y per-capita real disposable income, chain-linked prices, 1996 = 100 (BEA)
PCHICK CPI index for whole fresh chicken, 1982-1984 = 100 (Bureau of Labor Statistics)
PBEEF CPI index for beef, 1982-84 = 100 (Bureau of Labor Statistics)
PCOR PPI index for corn, 1982 = 100 (Bureau of Labor Statistics)
PF nominal price index for broiler feed, scaled to imply 1982-84 = 100 (USDA, Poultry Yearbook, 2000)
CPI Consumer price index, 1982-84 = 100 (Bureau of Labor Statistics)
QPRODA Aggregate production of young chicken, pounds (USDA, Poultry Yearbook,2000)
POP U.S. population on July 1, resident plus armed forces, millions (Bureau of Labor Statistics)
MEATEX exports of beef, veal, and pork, pounds (USDA)
TIME as used in regressions (TIME = 0 for 1909, TIME = 1 for 1910)
Note 1: real variables constructed as:
PC = PCHICK/CPI
PB = PBEEF/CPI
Note 2: Capitalized variables are not logarithms.
These data are from Dennis Epple and Bennett T. McCallum (2006) "Simultaneous Equation Econometrics: The Missing Example,"
Economic Inquiry, 44(2), 374-384.
Note 3: To reproduce the results in their paper, QPRODA must be divided by 1439. This conversion factor transforms gross
production of chicken into the boneless equivalent that is used as the consumption variable.
The authors would like to acknowledge the generous help of Bennett McCallum.
Variable | Obs Mean Std. Dev. Min Max
-------------+--------------------------------------------------------
YEAR | 52 1975.5 15.15476 1950 2001
Q | 52 31.23846 11.98575 14.3 53.9
Y | 52 14850.35 4918.372 7863 23692
PCHICK | 52 90.99039 38.6744 47.4 168
PBEEF | 52 76.16346 43.39926 26.7 160.5
-------------+--------------------------------------------------------
PCOR | 52 81.11538 28.6817 44.8 158.5
PF | 40 97.73398 36.93931 49.5258 174.3442
CPI | 52 77.10192 51.48167 24.1 177.1
QPRODA | 51 1.15e+07 8040556 2628500 3.05e+07
POP | 52 217.4372 37.79763 151.684 286.362
-------------+--------------------------------------------------------
MEATEX | 42 454.881 534.4597 44 1737
TIME | 52 66.5 15.15476 41 92