dataset: cobbdoug.dat

Source: M.L. Handsaker and P.H. Douglas (1937), "The Theory and Marginal
Productivity Tested by Data for Manufacturing in Victoria, I",
The Quarterly Journal of Economics, Vol 52, pp:1-36.

Description: Data from Victoria, Australia, 1907-1929. Production,
Labor, and Capital Indexed to Year 1911.

Cobb-Douglas Production Function:  P(L,C)=b*(L^k)*(C^(1-k)) ==>
P'-C' = b'+k(L'-C')   P'=ln(P)...    b=exp(b')

Variables/Columns

Period    1-2
Production index   6-10
Labor Index       14-18
Capital Index    22-26