Analyzing Demand for Liquid Assets
/*--------------------------------------------------------------
SAS Sample Library
Name: panex03.sas
Description: Example program from SAS/ETS User's Guide,
The PANEL Procedure
Title: Analyzing Demand for Liquid Assets
Product: SAS/ETS Software
Keys: panel data
PROC: PANEL
Notes:
--------------------------------------------------------------*/
data Assets;
length state $ 2;
input state $ year d t s y rd rt rs;
label d = 'Per Capita Demand Deposits'
t = 'Per Capita Time Deposits'
s = 'Per Capita S&L Association Shares'
y = 'Permanent Per Capita Personal Income'
rd = 'Service Charge on Demand Deposits'
rt = 'Interest on Time Deposits'
rs = 'Interest on S&L Association Shares';
datalines;
CA 1949 6.2785 6.1924 4.4998 7.2056 -1.0700 0.1080 1.0664
CA 1950 6.4019 6.2106 4.6821 7.2889 -1.0106 0.1501 1.0767
CA 1951 6.5058 6.2729 4.8598 7.3827 -1.0024 0.4008 1.1291
CA 1952 6.4785 6.2729 5.0039 7.4000 -0.9970 0.4492 1.1227
CA 1953 6.4118 6.2538 5.1761 7.4200 -0.8916 0.4662 1.2110
CA 1954 6.4520 6.2971 5.3613 7.4478 -0.6951 0.4756 1.1924
CA 1955 6.4998 6.3081 5.5452 7.4838 -0.7012 0.4929 1.2387
CA 1956 6.5162 6.2897 5.7236 7.5380 -0.6292 0.5636 1.2638
CA 1957 6.4646 6.3733 5.8579 7.5822 -0.4620 0.9712 1.3686
CA 1958 6.5191 6.4552 6.0331 7.6178 -0.4050 0.9712 1.3818
CA 1959 6.5709 6.4661 6.2025 7.6797 -0.4095 0.9738 1.3980
DC 1949 6.7499 5.4806 5.8230 7.3796 -1.3432 -0.3916 1.0307
DC 1950 6.9207 5.5413 5.9454 7.4804 -1.3205 -0.4125 1.0567
DC 1951 7.0775 5.6131 6.1420 7.6094 -1.3243 -0.3901 1.1006
DC 1952 6.9810 5.5452 6.2166 7.5606 -1.3205 -0.3161 1.0902
DC 1953 6.9117 5.5530 6.2971 7.5262 -1.2483 -0.1244 1.1102
DC 1954 6.9508 5.7203 6.4394 7.5326 -1.1777 0.4055 1.1259
DC 1955 6.9726 5.7961 6.5820 7.5658 -1.1457 0.4081 1.1559
DC 1956 6.9679 5.7991 6.6670 7.5761 -1.1332 0.4688 1.1787
DC 1957 7.0211 5.9687 6.8002 7.6425 -1.0613 0.8024 1.2143
DC 1958 7.0867 6.0799 6.9197 7.6704 -1.0217 0.7419 1.2404
DC 1959 7.0630 6.0014 7.0291 7.6811 -0.8723 0.8510 1.3156
FL 1949 6.0113 4.8363 4.6347 6.9315 -1.0385 -0.0954 0.8390
FL 1950 6.0707 4.8283 4.7274 6.9147 -1.0729 -0.0440 0.8446
FL 1951 6.1506 4.8903 4.9345 6.9735 -1.0936 0.0020 0.8871
FL 1952 6.1527 4.8828 5.1180 6.9735 -1.1147 0.0507 0.9466
FL 1953 6.1399 4.9273 5.2983 7.0370 -1.0385 0.1115 0.9651
FL 1954 6.1420 4.9416 5.5094 7.0361 -0.9835 0.2374 1.0547
FL 1955 6.3008 5.0814 5.8111 7.1747 -0.9729 0.2919 1.0585
FL 1956 6.3404 5.1120 5.9480 7.1997 -0.9188 0.3961 1.1092
FL 1957 6.2748 5.3660 6.0355 7.2320 -0.8052 0.8838 1.2054
FL 1958 6.2785 5.4806 6.1026 7.2506 -0.6972 0.8973 1.2099
FL 1959 6.2577 5.4596 6.2344 7.2841 -0.6482 0.9119 1.2740
IL 1949 6.7370 5.8749 4.7536 7.2896 -1.9449 -0.1602 0.9179
IL 1950 6.7569 5.8348 4.8363 7.2917 -1.9241 -0.1661 0.8953
IL 1951 6.7878 5.8141 4.9698 7.3492 -1.9173 -0.0661 0.8957
IL 1952 6.8178 5.9402 5.1648 7.4073 -1.9379 0.0573 0.9431
IL 1953 6.8123 5.9814 5.3423 7.4448 -1.8971 0.0871 0.9944
IL 1954 6.8330 6.0259 5.5334 7.4816 -1.8079 0.1222 1.0109
IL 1955 6.8448 6.0259 5.6904 7.5038 -1.7603 0.1319 1.0217
IL 1956 6.8501 6.0568 5.8579 7.5575 -1.6983 0.3031 1.0757
IL 1957 6.8013 6.0913 5.9713 7.5909 -1.5945 0.4874 1.1490
IL 1958 6.8233 6.1399 6.0958 7.6014 -1.5418 0.5522 1.2244
IL 1959 6.7731 6.1633 6.1924 7.6183 -1.4653 0.7198 1.2519
NY 1949 7.2226 5.6021 4.2047 7.3079 -2.1893 -0.3754 0.7415
NY 1950 7.2478 5.5645 4.2627 7.3232 -2.1286 -0.3230 0.7333
NY 1951 7.2506 5.5334 4.4427 7.3563 -2.1286 -0.2294 0.7966
NY 1952 7.2591 5.6058 4.6250 7.4140 -2.1203 0.0488 0.8899
NY 1953 7.2406 5.6904 4.7707 7.4639 -2.0099 0.2159 0.9070
NY 1954 7.2549 5.7621 4.9053 7.4967 -1.9310 0.2971 0.9322
NY 1955 7.2661 5.7462 5.0039 7.5000 -1.9241 0.3407 0.9764
NY 1956 7.2556 5.8260 5.1240 7.5580 -1.7838 0.5619 1.0203
NY 1957 7.2745 5.9915 5.2417 7.6372 -1.6660 0.8024 1.0842
NY 1958 7.2814 6.1137 5.3279 7.6592 -1.6503 0.8587 1.1227
NY 1959 7.2563 6.1181 5.4072 7.6948 -1.5945 0.9247 1.1703
TX 1949 6.3509 4.2341 3.5835 6.9027 -1.9038 -0.1755 1.0134
TX 1950 6.4520 4.2627 3.7377 6.9584 -1.9173 -0.1791 1.0080
TX 1951 6.5206 4.3438 3.8918 7.0510 -1.9105 -0.2083 1.0364
TX 1952 6.5043 4.4308 4.0604 7.0699 -1.9173 0.0677 1.0578
TX 1953 6.5013 4.5951 4.2905 7.1131 -1.8326 0.1570 1.1256
TX 1954 6.5624 4.7622 4.5218 7.1585 -1.7037 0.2837 1.1291
TX 1955 6.5820 4.8442 4.7095 7.1967 -1.6555 0.3133 1.1220
TX 1956 6.5624 4.8828 4.8203 7.2138 -1.5702 0.4344 1.1210
TX 1957 6.5147 5.0689 4.9698 7.2556 -1.3863 0.7519 1.2490
TX 1958 6.5737 5.3033 5.1059 7.2841 -1.2801 0.8069 1.2276
TX 1959 6.5554 5.3519 5.2781 7.3265 -1.1940 0.8899 1.3005
WA 1949 6.0355 5.3033 4.4998 7.0440 -1.0272 -0.0651 0.7266
WA 1950 6.2166 5.3753 4.6913 7.1884 -1.0189 -0.0274 0.8016
WA 1951 6.2634 5.3936 4.8520 7.2675 -1.0079 0.0383 0.8616
WA 1952 6.2519 5.4381 4.9698 7.3005 -0.9650 0.2662 0.9373
WA 1953 6.2146 5.4596 5.1591 7.3337 -0.8819 0.2942 1.0466
WA 1954 6.2860 5.5094 5.3613 7.3790 -0.7319 0.2986 1.0526
WA 1955 6.3008 5.5835 5.5053 7.4079 -0.6368 0.5710 1.0671
WA 1956 6.2634 5.5910 5.5722 7.4122 -0.5327 0.5761 1.1023
WA 1957 6.2025 5.6595 5.6525 7.4448 -0.3842 0.8385 1.1793
WA 1958 6.2558 5.7333 5.7621 7.4697 -0.3341 0.8338 1.1957
WA 1959 6.2442 5.7557 5.8435 7.5005 -0.3147 0.9143 1.2548
;
proc sort data = Assets;
by state year;
run;
proc panel data = Assets;
id state year;
model d = y rd rt rs / ranone;
run;
proc panel data = Assets;
id state year;
wh: model d = y rd rt rs / ranone vcomp = wh;
wk: model d = y rd rt rs / ranone vcomp = wk;
fb: model d = y rd rt rs / ranone vcomp = fb;
nl: model d = y rd rt rs / ranone vcomp = nl;
compare / mstat(varcs varerr);
run;
proc panel data = Assets;
id state year;
model d = y rd rt rs / ranone rantwo;
compare;
run;
