Residential natural gas and electricity. Download the Maddala et al. (1997) data set on residential natural gas
Question:
Residential natural gas and electricity. Download the Maddala et al. (1997) data set on residential natural gas and electricity consumption for 49 states over 21 years (1970-90) from the Journal of Business and Economic Statistics web site www.amstat.org/publications/jbes/ftp.html.
(a) Using this data set, replicate the individual OLS state regressions for electricity, given in Table 6, and natural gas, given in Table 8 of Maddala et al. (1997).
(b) Replicate the shrinkage estimates for electricity and natural gas given in Tables 7 and 9 of Maddala et al. (1997).
(c) Replicate the fixed effects estimator given in column 1 of Table 10.2 of Maddala et al. (1997), and the pooled OLS model given in column 2 of that table.
(d) Replicate the average OLS, the average shrinkage estimator and the average Stein-Rule estimator in Table 10.2 of Maddala et al. (1997).
(e) Redo parts (c) and (d) for the natural gas equation as given in Table 10.4 of Maddala et al. (1997).
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