* Reference: Chapter 11 of * Jeffrey M. Wooldridge, Introductory Econometrics: A Modern Approach, * South-Western College Publishing, 2000. SAMPLE 1 286 READ (WAGEPRC.shd) price wage t SET MISSVALU=-999 SET SKIPMISS * NOTE: The WAGEPRC.shd data set contains variables constructed from the * original data. * The GENR command in SHAZAM has many functions for variable * transformations. * The commands below show the use of GENR commands for constructing * the variables required for the model. * Note that the constructed variables in the WAGEPRC.shd file may * be rounded off and so estimation results may show some differences * compared to the results reported in the text. * Problem 11.5, p. 371 * Calculate growth rates SAMPLE 2 286 GENR gprice=LOG(price/LAG(price)) GENR gwage=LOG(wage/LAG(wage)) * Distributed lag model OLS gprice gwage(0.12) STOP