TSP Version 4.4
                      Copyright (C) 1997 TSP International
                               ALL RIGHTS RESERVED
                In case of questions or problems, see your local TSP 
                consultant or send a description of the problem and the 
                associated TSP output to:
                                TSP International
                            P.O. Box 61015, Station A
                               Palo Alto, CA 94306
                                       USA
          PROGRAM
 LINE  ******************************************************************
 1  OPTIONS CRT NODATE;
 2  NAME KLEINLML 'LIML estimates of Klein Model I' ;
 2  ?
 2  ?  Nearly correct published results for LIML can be found in:
 2  ?  - Greene, William, "Econometric Analysis", 2nd ed., 1993, p.615
 2  ?    These appear to be correct, except for the intercept in the
 2  ?    consumption equation.  The problem can be traced to p.607,
 2  ?    where there appears to be a typographical error.  The 
    coefficient
 2  ?    on C there is given as 17.477, when it should be 17.1477 .
 2  ?  TSP reproduces the above coefficient results with the commands 
    below.
 2  ?  The standard errors do not agree as closely, for reasons unknown 
    (they
 2  ?  do not appear to be uniformly higher or lower).
 2  ?
 2  LOAD ;
 3  SMPL 1 22 ;
 4  W = W1+W2 ;
 5  TX = YT-Y ;
 6  P = CX+I+G-TX-W ;
 7  E = Y+TX-W2 ;
 8  TM = YEAR-1931 ;
 9  SMPL 1 21 ;
 10  K = K1(+1);
 11  SMPL 2 22 ;
 12  LIST IVS C P(-1) K(-1) E(-1) TM W2 G TX ;
 13  ?
 13  ?   LIML Estimates
 13  ?
 13  LIML(INST=IVS) CX C W P P(-1);
 14  LIML(INST=IVS)  I C P P(-1) K(-1);
 15  LIML(INST=IVS) W1 C E E(-1) TM;
 16  END ;
          EXECUTION
 *******************************************************************************
 2  NOPRINT;

 Current sample:  1 to 22

 Current sample:  1 to 22

 Current sample:  1 to 21

 Current sample:  2 to 22


                                      Equation   1
                                      ============

                       Method of estimation = LIML

 Endogenous variables: W P

 Included exogenous variables: C P(-1)

 Excluded exogenous variables: K(-1) E(-1) TM W2 G TX

 Dependent variable: CX
 Current sample:  2 to 22
 Number of observations:  21

        Mean of dep. var. = 53.9952           R-squared = .956744
   Std. dev. of dep. var. = 6.86087  Adjusted R-squared = .949111
 Sum of squared residuals = 40.8843       Durbin-Watson = 1.48786 [<.614]
    Variance of residuals = 2.40496  F (over-id. rest.) = 1.62092 [.228]
 Std. error of regression = 1.55079  Lambda (eigenval.) = 1.49875

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic   P-value
 C         17.1477       2.04538       8.38362       [.000]
 W         .822559       .061549       13.3642       [.000]
 P         -.222514      .224230       -.992343      [.321]
 P(-1)     .396028       .192943       2.05256       [.040]


                                      Equation   2
                                      ============

                       Method of estimation = LIML

 Endogenous variables: P

 Included exogenous variables: C P(-1) K(-1)

 Excluded exogenous variables: E(-1) TM W2 G TX

 Dependent variable: I
 Current sample:  2 to 22
 Number of observations:  21

        Mean of dep. var. = 1.26667           R-squared = .861508
   Std. dev. of dep. var. = 3.55195  Adjusted R-squared = .837068
 Sum of squared residuals = 34.9965       Durbin-Watson = 2.07281 [<.948]
    Variance of residuals = 2.05862  F (over-id. rest.) = .279344 [.886]
 Std. error of regression = 1.43479  Lambda (eigenval.) = 1.08595

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic   P-value
 C         22.5908       9.49815       2.37844       [.017]
 P         .075185       .224712       .334583       [.738]
 P(-1)     .680386       .209145       3.25319       [.001]
 K(-1)     -.168264      .045345       -3.71080      [.000]


                                      Equation   3
                                      ============

                       Method of estimation = LIML

 Endogenous variables: E

 Included exogenous variables: C E(-1) TM

 Excluded exogenous variables: P(-1) K(-1) W2 G TX

 Dependent variable: W1
 Current sample:  2 to 22
 Number of observations:  21

        Mean of dep. var. = 36.3619           R-squared = .987395
   Std. dev. of dep. var. = 6.30440  Adjusted R-squared = .985171
 Sum of squared residuals = 10.0219       Durbin-Watson = 2.00153 [<.929]
    Variance of residuals = .589524  F (over-id. rest.) = 4.77290 [.014]
 Std. error of regression = .767805  Lambda (eigenval.) = 2.46858

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic   P-value
 C         1.52619       1.32084       1.15547       [.248]
 E         .433941       .075508       5.74698       [.000]
 E(-1)     .151321       .074527       2.03042       [.042]
 TM        .131593       .035996       3.65582       [.000]

 *******************************************************************************

 END OF OUTPUT FOR USER  KLEINLML

   MEMORY USAGE:    ITEM:    DATA ARRAY  TOTAL MEMORY
                   UNITS:  (4-BYTE WORDS) (MEGABYTES)
   MEMORY ALLOCATED         :    500000       4.0
   MEMORY ACTUALLY REQUIRED :      2193       2.1
   CURRENT VARIABLE STORAGE :      1118