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1 2 3 4 5 6 7 8 9 | # PS9.7, for Example 9.8 on CORC HILU differences
open data4-2
genr Wt=WAGES*100/PRDEFL
# The above is real wages, Pt is real profit income
genr Pt=Yt-Wt
ols Ct 0 Wt Pt
ar1 Ct 0 Wt Pt
# note that the mixed hilu-corc procedure yields global minimum
ar1 Ct 0 Wt Pt --hilu
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