TSP Version 4.5
                           (06/20/99) Windows32    4MB
                      Copyright (C) 1999 TSP International
                               ALL RIGHTS RESERVED
                                05/25/04 9:34 AM
                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  freq a;
 |      2  smpl 1980 2002;
 |      3  load(file='cons.txt') year cons yd pcons;
 |      4  ? print cons yd pcons;
 |      4  rcons=cons/(pcons/100);
 |      5  ryd=yd/(pcons/100);
 |      6  ? print cons pcons rcons ryd;
 |      6  olsq rcons c ryd;
 |      7  smpl 1981 2002;
 |      8  olsq rcons c ryd rcons(-1);
 |      9  bukka=100*(pcons-pcons(-1))/pcons(-1);
 |     10  olsq rcons c ryd rcons(-1) bukka;
 |     11  lcons=log(rcons);
 |     12  lyd=log(ryd);
 |     13  olsq lcons c lyd;
 |     14  end;
          EXECUTION
 *******************************************************************************

 Current sample:  1980 to 2002


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

                       Method of estimation = Ordinary Least Squares


 Dependent variable: RCONS
 Current sample:  1980 to 2002
 Number of observations:  23

        Mean of dep. var. = 239076.          LM het. test = 4.20072 [.040]
   Std. dev. of dep. var. = 41849.0         Durbin-Watson = .419929 [.000,.000]
 Sum of squared residuals = .577067E+09  Jarque-Bera test = 1.61700 [.446]
    Variance of residuals = .274794E+08   Ramsey's RESET2 = 1.21992 [.282]
 Std. error of regression = 5242.08       F (zero slopes) = 1381.12 [.000]
                R-squared = .985023        Schwarz B.I.C. = 231.708
       Adjusted R-squared = .984310        Log likelihood = -228.572

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic   P-value
 C         -44975.8      7721.06       -5.82508      [.000]
 RYD       1.04813       .028203       37.1635       [.000]

 Current sample:  1981 to 2002


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

                       Method of estimation = Ordinary Least Squares


 Dependent variable: RCONS
 Current sample:  1981 to 2002
 Number of observations:  22

        Mean of dep. var. = 242208.
   Std. dev. of dep. var. = 39979.4
 Sum of squared residuals = .123350E+09
    Variance of residuals = .649210E+07
 Std. error of regression = 2547.96
                R-squared = .996325
       Adjusted R-squared = .995938
             LM het. test = .099624 [.752]
            Durbin-Watson = .988697 [.001,.018]
               Durbin's h = 2.27024 [.023]
          Durbin's h alt. = 2.35930 [.018]
         Jarque-Bera test = .845013 [.655]
          Ramsey's RESET2 = 15.0605 [.001]
          F (zero slopes) = 2575.60 [.000]
           Schwarz B.I.C. = 206.788
           Log likelihood = -202.151

             Estimated    Standard
 Variable   Coefficient     Error       t-statistic   P-value
 C          -2204.80      6619.95       -.333055      [.743]
 RYD        .259887       .095897       2.71005       [.014]
 RCONS(-1)  .731576       .087656       8.34599       [.000]


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

                       Method of estimation = Ordinary Least Squares


 Dependent variable: RCONS
 Current sample:  1981 to 2002
 Number of observations:  22

        Mean of dep. var. = 242208.
   Std. dev. of dep. var. = 39979.4
 Sum of squared residuals = .100911E+09
    Variance of residuals = .560615E+07
 Std. error of regression = 2367.73
                R-squared = .996994
       Adjusted R-squared = .996493
             LM het. test = 2.76660 [.096]
            Durbin-Watson = 1.10464 [.001,.067]
               Durbin's h = 2.38842 [.017]
          Durbin's h alt. = 2.04570 [.041]
         Jarque-Bera test = .621160 [.733]
          Ramsey's RESET2 = 8.43568 [.010]
          F (zero slopes) = 1989.75 [.000]
           Schwarz B.I.C. = 206.124
           Log likelihood = -199.942

             Estimated    Standard
 Variable   Coefficient     Error       t-statistic   P-value
 C          613.252       6310.89       .097174       [.924]
 RYD        .383884       .108548       3.53654       [.002]
 RCONS(-1)  .581547       .110718       5.25249       [.000]
 BUKKA      -1231.56      615.581       -2.00065      [.061]


                                      Equation   4
                                      ============

                       Method of estimation = Ordinary Least Squares


 Dependent variable: LCONS
 Current sample:  1981 to 2002
 Number of observations:  22

        Mean of dep. var. = 12.3836          LM het. test = 3.02930 [.082]
   Std. dev. of dep. var. = .173633         Durbin-Watson = .449421 [.000,.000]
 Sum of squared residuals = .796965E-02  Jarque-Bera test = .619924 [.733]
    Variance of residuals = .398482E-03   Ramsey's RESET2 = .120792 [.732]
 Std. error of regression = .019962       F (zero slopes) = 1568.82 [.000]
                R-squared = .987412        Schwarz B.I.C. = -52.8470
       Adjusted R-squared = .986783        Log likelihood = 55.9381

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic   P-value
 C         -2.59923      .378299       -6.87084      [.000]
 LYD       1.19753       .030234       39.6084       [.000]

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

 END OF OUTPUT.

   MEMORY USAGE:    ITEM:    DATA ARRAY  TOTAL MEMORY
                   UNITS:  (4-BYTE WORDS) (MEGABYTES)
   MEMORY ALLOCATED         :    500000       4.0
   MEMORY ACTUALLY REQUIRED :      1616       2.1
   CURRENT VARIABLE STORAGE :      1008