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# PS13.1, for the Application in Section 13.6
open data13-1 
genr TAXt=100*GOVREC/Pt  
# generate disposable income 
genr DISPINCM=GDP-TAXt
# generate real money supply 
genr M=100*MONYSUP/Pt  
# generate per capita measures 
genr Yt=GDP/POP  
genr Ct=CONS/POP  
genr It=INV/POP  
genr Gt=GOVEXP/POP  
genr Tt=TAXt/POP
genr Xt=EXPORTS/POP  
genr IMPt=IMPORTS/POP
genr DYt=DISPINCM/POP   
genr Mt=M/POP  
lags Yt Ct It Gt Xt DYt Mt rt
smpl 1960 1993 
# TSLS estimation 
tsls Ct 0 Ct_1 DYt DYt_1 ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt 
tsls It 0 It_1 Yt Yt_1 rt rt_1 ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt
tsls rt 0 rt_1 Yt Yt_1 Mt Mt_1 ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt
tsls rt 0 rt_1 Yt Mt Mt_1 ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt
tsls Tt 0 Yt ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt
tsls IMPt 0 Yt ; 0 Ct_1 DYt_1 It_1 Yt_1 rt_1 Mt Mt_1 Gt Xt