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Each of the country is classified into one of the 4 categories according to their geographical location. The categories are:

1

Low-income countries

2

Lower-middle-income countries

3

Upper-middle-income countries

4

High-income countries

Usage

data(country_grouping_incomegroup)

Format

A numeric vector with values from 1 to 4

Source

International Labour Organization. (2020). ILO modelled estimates database, ILOSTAT [database]. Available from https://ilostat.ilo.org/data/.

Examples

data(country_grouping_incomegroup)   # upload the data

# setup a fixed group allocation Panel VAR model
spec = specify_bvarGroupPANEL$new(
         ilo_dynamic_panel,
         group_allocation = country_grouping_incomegroup
)
#> Country groupings have been pre-specified and will not be estimated.