brumm.def
money inflat output initial poprate inv school
Obs: 76 countries
1. money = growth rate of money supply = change ln(m)
2. inflat = growth rate of prices = change ln(p)
3. output = growth rate of output = change ln(q)
4. initial = initial level of GDP per capita
5. poprate = average population growth rate
6. inv = average investment share of GDP
7. school = a measure of the population's educational attainment
source: The authors kindly thank Harold J. Brumm for providing the data used in his article
"Money Growth, Output Growth, and Inflation: A Reexamination of the Modern Quantity
Theory's Linchpin Prediction," Southern Economic Journal, 2005, 71(3), 661-667.
Variable | Obs Mean Std. Dev. Min Max
-------------+--------------------------------------------------------
money | 76 29.58947 56.16827 2.5 356.7
inflat | 76 25.35395 58.94767 -.6 374.3
output | 76 2.997368 2.02695 -.6 9.6
initial | 76 1.703421 1.765252 .237 7.38
poprate | 76 2.011842 1.021759 .1 3.7
-------------+--------------------------------------------------------
inv | 76 .2239513 .0666283 .0868 .421
school | 76 .8259211 .319229 .14 1.64