The SYSLIN Procedure

*---------------------------Klein's Model I----------------------------*
| By L.R. Klein, Economic Fluctuations in the United States, 1921-1941 |
| (1950), NY: John Wiley.   A macro-economic model of the U.S. with    |
| three behavioral equations, and several identities. See Theil, p.456.|
*----------------------------------------------------------------------*;
data klein;
input year c p w i x wp g t k wsum;
   date=mdy(1,1,year);
   format date monyy.;
   y   =c+i+g-t;
   yr  =year-1931;
   klag=lag(k);
   plag=lag(p);
   xlag=lag(x);
   label year='Year'
         date='Date'
         c   ='Consumption'
         p   ='Profits'
         w   ='Private Wage Bill'
         i   ='Investment'
         k   ='Capital Stock'
         y   ='National Income'
         x   ='Private Production'
         wsum='Total Wage Bill'
         wp  ='Govt Wage Bill'
         g   ='Govt Demand'
         i   ='Taxes'
         klag='Capital Stock Lagged'
         plag='Profits Lagged'
         xlag='Private Product Lagged'
         yr  ='YEAR-1931';
datalines;
1920     .  12.7     .    .  44.9    .     .     .  182.8     .
1921  41.9  12.4  25.5 -0.2  45.6  2.7   3.9   7.7  182.6  28.2
1922  45.0  16.9  29.3  1.9  50.1  2.9   3.2   3.9  184.5  32.2
1923  49.2  18.4  34.1  5.2  57.2  2.9   2.8   4.7  189.7  37.0
1924  50.6  19.4  33.9  3.0  57.1  3.1   3.5   3.8  192.7  37.0
1925  52.6  20.1  35.4  5.1  61.0  3.2   3.3   5.5  197.8  38.6
1926  55.1  19.6  37.4  5.6  64.0  3.3   3.3   7.0  203.4  40.7
1927  56.2  19.8  37.9  4.2  64.4  3.6   4.0   6.7  207.6  41.5
1928  57.3  21.1  39.2  3.0  64.5  3.7   4.2   4.2  210.6  42.9
1929  57.8  21.7  41.3  5.1  67.0  4.0   4.1   4.0  215.7  45.3

   ... more lines ...   

ods graphics on;

proc syslin data=klein outest=b liml plots(unpack only)=residual ;
   endogenous c p w i x wsum k y;
   instruments klag plag xlag wp g t yr;
   consume: model c = p plag  wsum;
   invest:  model i = p plag  klag;
   labor:   model w = x xlag  yr;
run;