I got a dataset of firms (unbalanced panel) that goes like this:
id year tfp c_sales
A 2012 1.52 14.56
A 2013 1.82 15.6
A 2014 1.67 16.3
A 2015 1.72 18.36
... ... ... ...
B 2012 1.58 17.56
B 2013 1.83 12.6
B 2014 1.62 19.3
B 2015 1.96 14.36
... ... ... ...
C 2012 1.2 13.4
C 2013 1.6 16.3
... ... ... ...
And so on... till 2019.
How can I plot tfp
from 2014 vs c_sales
in 2015?
I want to have a scatter plot, that in the horizontal axis shows me the tfp
values for 2014 and in the vertical axis shows me the c_sales
values of 2015.
Since tfp
is a measure of productivity I'd like to see a scatter plot, that tells me that firms that were productive in 2014, had greater or lesser sales in 2015.
I was trying to make a plot with ggplot, but I don't have a clear idea of how to do it.
(Additionally, how can I make a regression like that? with a year-fixed independent variable)