?=================================================================== ? 2 stage least squares estimation of Klein's Model I = ?=================================================================== READ ; nvar = 10 ; nobs = 22 ; names= year, c, p, wp, i, klag, x, wg, g, t $ 1920 39.8 12.7 28.8 2.7 180.1 44.9 2.2 2.4 3.4 1921 41.9 12.4 25.5 -.2 182.8 45.6 2.7 3.9 7.7 1922 45.0 16.9 29.3 1.9 182.6 50.1 2.9 3.2 3.9 1923 49.2 18.4 34.1 5.2 184.5 57.2 2.9 2.8 4.7 1924 50.6 19.4 33.9 3.0 189.7 57.1 3.1 3.5 3.8 1925 52.6 20.1 35.4 5.1 192.7 61.0 3.2 3.3 5.5 1926 55.1 19.6 37.4 5.6 197.8 64.0 3.3 3.3 7.0 1927 56.2 19.8 37.9 4.2 203.4 64.4 3.6 4.0 6.7 1928 57.3 21.1 39.2 3.0 207.6 64.5 3.7 4.2 4.2 1929 57.8 21.7 41.3 5.1 210.6 67.0 4.0 4.1 4.0 1930 55.0 15.6 37.9 1.0 215.7 61.2 4.2 5.2 7.7 1931 50.9 11.4 34.5 -3.4 216.7 53.4 4.8 5.9 7.5 1932 45.6 7.0 29.0 -6.2 213.3 44.3 5.3 4.9 8.3 1933 46.5 11.2 28.5 -5.1 207.1 45.1 5.6 3.7 5.4 1934 48.7 12.3 30.6 -3.0 202.0 49.7 6.0 4.0 6.8 1935 51.3 14.0 33.2 -1.3 199.0 54.4 6.1 4.4 7.2 1936 57.7 17.6 36.8 2.1 197.7 62.7 7.4 2.9 8.3 1937 58.7 17.3 41.0 2.0 199.8 65.0 6.7 4.3 6.7 1938 57.5 15.3 38.2 -1.9 201.8 60.9 7.7 5.3 7.4 1939 61.6 19.0 41.6 1.3 199.9 69.5 7.8 6.6 8.9 1940 65.0 21.1 45.0 3.3 201.2 75.7 8.0 7.4 9.6 1941 69.7 23.5 53.3 4.9 204.5 88.4 8.5 13.8 11.6 ? Variables are ? C = consumption ? P = private profits ? WP = private wage bill ? I = investment ? KLAG = lagged value of capital stock ? X = total demand ? Wg = government wage bill ? G = government spending ? T = indirect business taxes plus net exports ? A = Year - 1931 ? CREATE ; w = wp + wg ; a = year - 1931$ SAMPLE ; 2 - 22$ CREATE ; plag = p[-1];xlag=x[-1]$ NAMELIST ; cons = one,p,plag,w ; invs = one,p,plag,klag ; wage = one,x,xlag,a ; exog = one,g,t,wg,a,plag,klag,xlag$ 2SLS ; lhs = c ; rhs = cons ; inst=exog$ 2SLS ; lhs = i ; rhs = invs ; inst=exog$ 2SLS ; lhs = wp ; rhs = wage ; inst=exog$