Hello, I am trying to estimate a equation system using Full Information Maximum Likelihood. Through this process, the following error keep coming out " WARNING: Cannot find a library containing subroutine LABOR". Could anyobody please tell me how to fix this? Many thanks. Below is my code: data raw_data; proc import datafile="C:\SAS_estimation\raw_data.xls" out = raw_data dbms=xls replace; getnames=yes; run; data raw_data; set raw_data; lshare = log(lincome/pgdp); kshare = log(kincome/pgdp); ly =log(rpgdp); ll = log(labor); lk = log(kpreal); lh = log(H); lyl = ly-ll; run; proc iml; yl0 = 0.031018607; kl0 = 0.051296459; l0 = 88517.7272; h0 = 94042.34093; t_bar = 23.5; proc model data = raw_data; parms mu pi sig g_n l_n A g_k l_k GAMMA delta theta; lshare = -log(1+mu) + log(1-pi) - ((1-sig)/sig)*g_n*t_bar*((time/t_bar)**l_n-1)/l_n+ ((1-sig)/sig)*log((rpgdp/labor)/(A*yl0))-((1-sig)/sig)*log((1-(labor(1)-labor*(1-delta))**(1/theta)*(h-labor)**(-(1-theta)/theta)/GAMMA/labor)/(1-(l0-l0*(1-delta))**(1/theta)*(h0-l0)**(-(1-theta)/theta)/GAMMA/l0)); kshare = -log(1+mu) + log(pi) - ((1-sig)/sig)*g_k*t_bar*((time/t_bar)**l_k-1)/l_k+ ((1-sig)/sig)*log((rpgdp/kpreal)/(A*yl0/kl0)); fit lshare kshare lyl / fiml; run; The log window reads: ... ... 101 proc model data = raw_data; 102 parms mu pi sig g_n l_n A g_k l_k GAMMA delta theta; 103 104 105 lshare = -log(1+mu) + log(1-pi) - ((1-sig)/sig)*g_n*t_bar*((time/t_bar)**l_n-1)/l_n+ 105! ((1-sig)/sig)*log((rpgdp/labor)/(A*yl0))-((1-sig)/sig)*log((1-(labor(1)-labor*(1-delta))**(1/thet 105! a)*(h-labor)**(-(1-theta)/theta)/GAMMA/labor)/(1-(l0-l0*(1-delta))**(1/theta)*(h0-l0)**(-(1-theta 105! )/theta)/GAMMA/l0)); 106 kshare = -log(1+mu) + log(pi) - ((1-sig)/sig)*g_k*t_bar*((time/t_bar)**l_k-1)/l_k+ 106! ((1-sig)/sig)*log((rpgdp/kpreal)/(A*yl0/kl0)); 107 WARNING: Cannot find a library containing subroutine LABOR. 108 fit lshare kshare lyl / fiml; 109 run; NOTE: Execution aborted because of errors in program. Reenter the corrected program or enter "QUIT;" to exit procedure.
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