Emir Malikov, Shunan Zhao, and Subal C. Kumbhakar, "Economies of Diversification in the U.S. Credit Union Sector", Journal of Applied Econometrics, Vol. 32, No. 7, 2017, pp. 1329-1347. The data file mzk2016-data.txt is a tab-delimited ASCII file in DOS format. It is zipped in the file mzk-data.zip. Unix/Linux users should use "unzip -a". The file mzk2016-data.txt contains data for a balanced panel of 4,543 retail credit unions continuously operating in 2001-2006. The data come from year-end Call Reports available from the National Credit Union Administration. For detailed description of the data construction, please see Section 4 of the paper as well as the Appendix of "Heterogeneous credit union production technologies with endogenous switching and correlated effects" by Emir Malikov, Diego A. Restrepo-Tobon and Subal C. Kumbhakar (2016, Econometric Reviews, forthcoming). The list of included variables is as follows: ----------------------------------------------------------------------- variable name variable description ----------------------------------------------------------------------- id Credit Union ID year Year trend = Year - 1993 y1 Real Estate Loans, in real USD 1000 y2 Business and Agricultural Loans, in real USD 1000 y3 Consumer Loans, in real USD 1000 y4 Other investments, in real USD 1000 y5 The Average Interest Rate on Saving Deposits, unit-free interest inv_y6 The Average Interest Rate on Loans, unit-free interest w1 Price of Financial Capital, unit-free interest w2 Price of Labor, in real USD 1000 ta Total Assets, in real USD 1000 type Output-mix-based Type of Credit Union = {1,2,3} as defined in the paper ----------------------------------------------------------------------- Nominal stock variables are deflated to 2011 USD using the GDP Implicit Price Deflator.