Re: [Gretl-users] Klein I model
On Mon, 29 Mar 2010, Fritsche, Ulrich wrote:
I tried to re-estimate the results from expl. 15.2. from Green
(5th edition), ch. 15. I used Allin's script from 2004
(Gretl-users list archive) and added "genr K1 = K(-1)" ...
The results are fine (in line with the results reported in
Greene (2002) with the exception of the result for the constant
in the third (wage) equation. I wonder if someone has the same
result.
The time trend 'A' is defined in a tricksy way. The following
amendment will give you comparable results for the constant in the
wage equation (see also
http://www.stanford.edu/~clint/bench/klein.tsp ;
Greene is not always 100% accurate).
genr A = t + (1918 - 1931)
Allin Cottrell