airline.def year y w r l k OBS: 32 annual 1948-1979 year = year y = level of output w = wage rate r = interest rate l = labor input k = capital input Data Source: In this example we investigate some of these questions for the airline industry, over the period 1948-1979. Data in index form (32 observations). They originate from Jorgenson et al. (1988). Variable | Obs Mean Std. Dev. Min Max -------------+-------------------------------------------------------- year | 32 1963.5 9.380832 1948 1979 y | 32 10.05019 7.255404 1.214 23.619 w | 32 .6913438 .4419081 .243 1.779 r | 32 .3549313 .1150307 .1454 .5879 l | 32 3.793375 1.708 1.384 6.852 -------------+-------------------------------------------------------- k | 32 3.736281 3.304078 .559 9.508