This directory contains codes to create Table 1 in

    A Reassessment of Real Business Cycle Theory
    by Ellen McGrattan and Ed Prescott

presented at the American Economic Association meeting in 2014.

The input file (company.inp) contains the following data downloaded
from COMPUSTAT (for all companies in the North American Fundamental
Annual database):

   gvkey       
   datadate     
   fyear    
   loc    
   naics     
   sic     
   costat    
   fic                    
   at                  
   sale                   
   xad                   
   xrd                  
   capx                 
   capxv                   
   emp

   Notes:
    (1) Missing data marked by a . are replaced by a -999 flag;
    (2) The item datadate has /'s removed (e.g., 12 31 1950);
    (3) The item costat has I replaced by 0 and A replaced by 1.

Ellen McGrattan
January 2014