## Code and data are open-source under the BSD 2-clause license (http://www.tldrlegal.com/l/BSD2)
## Michael Ash, Thomas Herndon, and Robert Pollin, April-May 2013
Archive: HAP-RR-GITD-code-2013-05-17.zip
Length Date Time Name
--------- ---------- ----- ----
468992 2013-05-17 09:43 RR.xls
74052 2013-05-17 09:48 RR-country-csv.zip
4247 2013-05-04 23:01 concordance-RR-HAP.csv
20963 2013-05-17 10:59 RR.R
598380 2013-05-17 11:00 RR-basic.dta
264786 2013-05-17 11:00 RR-processed.dta
678090 2013-05-17 11:00 RR-200-processed.dta
55660 2013-05-17 11:00 RR-keycolumns.xlsx
93206 2013-05-17 11:00 RR.Rout
5342 2013-04-29 06:23 RR200/RR200.R
13832 2013-04-29 06:23 RR200/RR200.Rout
--------- -------
2277550 11 files
RR.xls is our edit of Public_debt-ratios_advanced.xlsx, the Reinhart
and Rogoff "working spreadsheet" provided by Carmen Reinhart on 4
April 2013. RR.xls includes only primitive non-derived data from the
RR working spreadsheet, i.e., only cells that contain values and not
formulas in the RR working spreadsheet. In the RR working spreadsheet
there is variation by country and year in which columns hold values
and which columns hold formulas. Columns for which at least some
values were directly presented include: one or more measures of public
debt (Debt, Debt1, Debt2, Debtalt); one or more measures of nominal
GDP or GNI (GDP, GDPalt, GDP1, GDP2, GDP2alt, GDP3, GNI); one or more
measures of real GDP (RGDP, RGDP1, RGDP2); one or more deflators
(GDPI, GDPI1, GDPI2); real GDP growth (dRGDP); public debt/GDP ratio
(debtgdp); and inflation (Infl). We deleted a sheet that is labelled
Hungary but is in fact a duplicate sheet for France in the RR working
spreadsheet and consolidate into one sheet the two sheets that contain
Finland data in the RR working spreadsheet.
RR-country-csv.zip is an archive which contains all of the individual
country sheets from RR.xls saved as comma-separated value (csv) files.
concordance-RR-HAP.csv is a concordance between variable names in the
RR working spreadsheet and the HAP data and code.
RR.R is an R script file that reads the individual country csv files
and executes all of the analysis described in Herndon, Ash, and Pollin
"Does High Public Debt Consistently Stifle Economic Growth? A Critique
of Reinhart and Rogoff".
RR-basic.dta is a Stata data file that presents all of the primitive
country data in a country-year dataset. The variables are one or more
measures of public debt (Debt, Debt1, Debt2, Debtalt); one or more
measures of nominal GDP or GNI (GDP, GDPalt, GDP1, GDP2, GDP2alt,
GDP3, GNI); one or more measures of real GDP (RGDP, RGDP1, RGDP2); one
or more deflators (GDPI, GDPI1, GDPI2); real GDP growth (dRGDP);
public debt/GDP ratio (debtgdp); and inflation (Infl).
RR-processed.dta is a Stata data file that presents all of the
primitive data and data derived from formulas in the RR working
spreadsheet in a country-year dataset limited to 1946-2009. Variables
are as in RR-basic.dta with the addition of lagged values for the real
GDP series and for dRGDP and debtgdp values filled in by formula
according to the formulas in the RR working spreadsheet.
RR-200-processed.dta is a Stata data file that presents all of the
primitive data and data derived from formulas in the RR working
spreadsheet in a country-year dataset for the full c. 200
span. Variables are as in RR-basic.dta with the addition of lagged
values for the real GDP series and for dRGDP and debtgdp values filled
in by formula according to the formulas in the RR working spreadsheet.
These data were used in
RR-keycolumns.xlsx is a spreadsheet containing the following columns:
country; year; public debt/GDP ratio; public debt/GDP category; and
real GDP growth. The columns are calculated from the data and
formulas in the Reinhart and Rogoff working spreadsheet and can be
used, e.g., with pivot tables, to replicate the results in RR 2010 and
HAP.
RR.Rout contains the output from a run of RR.R
RR200.R is the code used for some parts of the Supplemental Technical
Critique of Reinhart and Rogoff's "Growth in a Time of Debt"
referenced in "Debt and Growth: A Response to Reinhart and Rogoff" in
The New York Times, April 29, 2013.
RR200.Rout contains the output from a run of RR200.R