----------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Orderings_Appendix.v5.txt
  log type:  text
 opened on:   8 May 2011, 18:41:53

. 
. ** ORDERING - Foreclosures Prices Employment Sales Permits
. 
. pvar lfor dlhpi dlemp dlsales dlperm if state ~= 52 , lag(12) irf(24) gmm monte list_imp "decomp 2
> 4"

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize         800     max. RHS vars in models          4.950M
                                                            -----------
                                                             1,006.897M
(121 observations deleted)

Variable names in order: lfor dlhpi dlemp dlsales dlperm
GMM started : 18:41:53  
accumulating matrices equation 1,2,3,4,5,calculating b2sls
calculating big ZuuZ matrix
finished accumulating ZuuZ
_______ Results of the Estimation by system GMM_________
number of observations used : 4550
------------------------------------------------------------------------------
EQ1: dep.var     : h_lfor

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .70087472   .04437718   15.793584
    L.h_dlhpi  -1.3257857    .2599888  -5.0993953
    L.h_dlemp  -1.0307433   .57764159  -1.7843995
  L.h_dlsales  -.07472907   .03069531  -2.4345432
   L.h_dlperm  -.03045759   .01058148  -2.8783878
    L2.h_lfor    .2287241   .05993037   3.8164975
   L2.h_dlhpi  -.68959937   .26076696  -2.6445044
   L2.h_dlemp  -.24400681   .68045126  -.35859558
 L2.h_dlsales   .02064525   .03016341   .68444689
  L2.h_dlperm  -.05026978    .0129817  -3.8723575
    L3.h_lfor    .0815951   .05984745   1.3633848
   L3.h_dlhpi  -1.4230957    .2455053  -5.7965989
   L3.h_dlemp  -1.0656052   .60050909  -1.7745031
 L3.h_dlsales   .02493197   .02864442   .87039518
  L3.h_dlperm   -.0405268   .01363655  -2.9719256
    L4.h_lfor   .04017687   .04933745    .8143281
   L4.h_dlhpi   .29583697   .30884613    .9578782
   L4.h_dlemp   .55478394   .63210592    .8776756
 L4.h_dlsales   .01541354    .0272127   .56640958
  L4.h_dlperm  -.03590163   .01536141   -2.337131
    L5.h_lfor  -.02663083   .04065026  -.65512075
   L5.h_dlhpi   .00164073   .30360379   .00540418
   L5.h_dlemp  -.83234458   .53843125  -1.5458697
 L5.h_dlsales  -.02336374   .02851253     -.81942
  L5.h_dlperm  -.06097063   .01614645   -3.776102
    L6.h_lfor   -.0413504    .0397584  -1.0400418
   L6.h_dlhpi   .18865841   .32270079   .58462332
   L6.h_dlemp   1.3040669     .596047   2.1878592
 L6.h_dlsales  -.01152078   .02952248  -.39023757
  L6.h_dlperm  -.09073076   .01524384  -5.9519616
    L7.h_lfor   .03737042   .04065266   .91926118
   L7.h_dlhpi   .16391058   .30288077   .54117196
   L7.h_dlemp   .70718257   .62584781   1.1299593
 L7.h_dlsales   .02965059   .02879869   1.0295813
  L7.h_dlperm  -.05609155   .01630007  -3.4411844
    L8.h_lfor  -.05795773   .05352741  -1.0827673
   L8.h_dlhpi  -.04796497   .28650143  -.16741617
   L8.h_dlemp   1.4530582   .59645797   2.4361452
 L8.h_dlsales   .00389927    .0280637   .13894351
  L8.h_dlperm  -.04532642    .0188268  -2.4075482
    L9.h_lfor  -.06496917   .04011145  -1.6197164
   L9.h_dlhpi   .92734064   .31001284   2.9912975
   L9.h_dlemp  -1.7476002    .6242457  -2.7995391
 L9.h_dlsales   .06555361   .03071945   2.1339446
  L9.h_dlperm  -.02805215   .01769075   -1.585696
   L10.h_lfor   .05191136   .03807114   1.3635358
  L10.h_dlhpi   .51610702   .29010138   1.7790574
  L10.h_dlemp   .57346888   .66600626    .8610563
L10.h_dlsales   .02578218   .02844591    .9063582
 L10.h_dlperm  -.02718924   .01766446   -1.539206
   L11.h_lfor  -.03025802   .03744627  -.80803831
  L11.h_dlhpi   .24007072    .2578968   .93087901
  L11.h_dlemp  -1.0230681   .67141693  -1.5237449
L11.h_dlsales    .0431337   .02753625   1.5664332
 L11.h_dlperm   .00619116   .01578081   .39232186
   L12.h_lfor   .02587911    .0238047   1.0871428
  L12.h_dlhpi  -.14595231   .26127448  -.55861678
  L12.h_dlemp   .53069775   .53751695   .98731353
L12.h_dlsales   .00685612   .02898966   .23650213
 L12.h_dlperm   .01229105   .01630959   .75360895
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ2: dep.var     : h_dlhpi

                    b_GMM      se_GMM       t_GMM
     L.h_lfor  -.00435992   .00133489  -3.2661212
    L.h_dlhpi   .34887181   .02358534   14.791893
    L.h_dlemp  -.00094084   .04312673  -.02181576
  L.h_dlsales   .00495079   .00216874   2.2827987
   L.h_dlperm   .00265865   .00169532   1.5682271
    L2.h_lfor   .00229817   .00172068   1.3356216
   L2.h_dlhpi   .08730897   .02399614   3.6384597
   L2.h_dlemp   .04105387   .04246379   .96679711
 L2.h_dlsales    .0093708   .00254668   3.6796124
  L2.h_dlperm   .00321418   .00160058   2.0081367
    L3.h_lfor   .00066104   .00156947    .4211852
   L3.h_dlhpi   .26090122   .02254384   11.573059
   L3.h_dlemp   .02270831   .04165194   .54519217
 L3.h_dlsales   .00618234   .00242065   2.5539952
  L3.h_dlperm   .00026757   .00129664   .20635639
    L4.h_lfor   .00153542   .00168747    .9098984
   L4.h_dlhpi   .14515997   .02153645   6.7401985
   L4.h_dlemp    .1152794   .04399198   2.6204642
 L4.h_dlsales   .00376743   .00227916   1.6529876
  L4.h_dlperm   .00060179   .00170801   .35233475
    L5.h_lfor   .00051937   .00175728   .29555535
   L5.h_dlhpi   .01116559   .02344106    .4763262
   L5.h_dlemp  -.03250144   .04536496  -.71644361
 L5.h_dlsales   .00674597   .00221999   3.0387348
  L5.h_dlperm   .00153795   .00166231   .92519259
    L6.h_lfor   .00111472   .00141462   .78799766
   L6.h_dlhpi  -.05447427     .020326  -2.6800295
   L6.h_dlemp  -.08689346   .04162114  -2.0877239
 L6.h_dlsales   .00655504   .00224776   2.9162483
  L6.h_dlperm   .00127579   .00142633   .89445173
    L7.h_lfor  -.00121512   .00142808  -.85087752
   L7.h_dlhpi  -.02674537   .02024616  -1.3210097
   L7.h_dlemp   .13221015   .04166779   3.1729579
 L7.h_dlsales   .00888124   .00214917   4.1324074
  L7.h_dlperm   .00060319   .00162799   .37051041
    L8.h_lfor   .00090489   .00138837    .6517667
   L8.h_dlhpi   .06930392   .01953836   3.5470692
   L8.h_dlemp  -.05569697   .04538639  -1.2271735
 L8.h_dlsales  -.00044866   .00228117  -.19668043
  L8.h_dlperm   .00262718   .00164519   1.5968848
    L9.h_lfor   .00413508   .00157285   2.6290317
   L9.h_dlhpi      .07322   .01927722   3.7982647
   L9.h_dlemp    .0008493   .04128096   .02057365
 L9.h_dlsales   .00118065   .00207679   .56849942
  L9.h_dlperm  -.00029342   .00162503  -.18056071
   L10.h_lfor  -.00060517   .00134229  -.45084475
  L10.h_dlhpi  -.02340499   .01811307  -1.2921603
  L10.h_dlemp  -.09758913   .04487141  -2.1748622
L10.h_dlsales   .00162273   .00204543   .79334155
 L10.h_dlperm   .00018582   .00161585   .11499598
   L11.h_lfor  -.00049463   .00151389  -.32672777
  L11.h_dlhpi  -.04097662   .01817411  -2.2546707
  L11.h_dlemp   .08095092   .04669866   1.7334741
L11.h_dlsales   .00018952   .00211146   .08975865
 L11.h_dlperm  -.00224661   .00157555  -1.4259275
   L12.h_lfor  -.00241224    .0011841  -2.0371964
  L12.h_dlhpi    .0082497   .01674467   .49267598
  L12.h_dlemp    .0783662   .04253716   1.8422997
L12.h_dlsales   .00176116   .00185894   .94740101
 L12.h_dlperm   .00061732   .00143353   .43062592
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ3: dep.var     : h_dlemp

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .00070884   .00053358   1.3284435
    L.h_dlhpi   .01414709   .00629768   2.2463959
    L.h_dlemp   .45788235    .0525219   8.7179318
  L.h_dlsales   .00209259   .00077511   2.6997502
   L.h_dlperm   .00341163   .00055544   6.1422683
    L2.h_lfor   .00041674   .00056182   .74175572
   L2.h_dlhpi   .01314304   .00655887   2.0038572
   L2.h_dlemp   .20377158   .03286937   6.1994371
 L2.h_dlsales   .00202841   .00083464   2.4302772
  L2.h_dlperm    .0024445   .00071418   3.4228177
    L3.h_lfor  -.00005007   .00053246  -.09403404
   L3.h_dlhpi    .0222361   .00655626   3.3915852
   L3.h_dlemp   .08964459   .02645391   3.3887084
 L3.h_dlsales   .00074646   .00086226   .86570386
  L3.h_dlperm   .00210256   .00053136   3.9569307
    L4.h_lfor  -.00158474   .00055615  -2.8495059
   L4.h_dlhpi  -.01647972   .00666557  -2.4723661
   L4.h_dlemp  -.14594027   .02417647  -6.0364597
 L4.h_dlsales   .00247877   .00083082   2.9835335
  L4.h_dlperm   .00154555   .00053052   2.9132649
    L5.h_lfor   .00021121    .0005839   .36172821
   L5.h_dlhpi  -.02821867   .00695573  -4.0568982
   L5.h_dlemp   .13115152   .02409834   5.4423468
 L5.h_dlsales   .00323659   .00081634   3.9647546
  L5.h_dlperm   .00259617   .00069908   3.7137002
    L6.h_lfor  -.00062174   .00059839  -1.0390331
   L6.h_dlhpi  -.00141023   .00679438  -.20755874
   L6.h_dlemp   .05678305   .01784975   3.1811677
 L6.h_dlsales   .00380303   .00077242   4.9235079
  L6.h_dlperm   .00194711   .00061382   3.1720952
    L7.h_lfor  -.00014998     .000577  -.25992146
   L7.h_dlhpi   .01708355   .00694287   2.4605907
   L7.h_dlemp   .01212867   .01770853    .6849059
 L7.h_dlsales   .00400224   .00079621   5.0266018
  L7.h_dlperm  -.00018993   .00054637    -.347616
    L8.h_lfor   .00071202   .00064473     1.10437
   L8.h_dlhpi  -.00190725   .00640403  -.29782065
   L8.h_dlemp  -.15515882   .01906273  -8.1393828
 L8.h_dlsales   .00205244   .00083171   2.4677421
  L8.h_dlperm   .00002816   .00055579   .05067124
    L9.h_lfor  -.00045769   .00067074  -.68236859
   L9.h_dlhpi    .0030274   .00682527   .44355676
   L9.h_dlemp   .09176827   .01875483   4.8930467
 L9.h_dlsales  -.00021168   .00079707  -.26557851
  L9.h_dlperm   .00163468   .00065232   2.5059494
   L10.h_lfor   .00067965   .00075362   .90184651
  L10.h_dlhpi   .00856004   .00600357   1.4258258
  L10.h_dlemp   .04149043   .01787509   2.3211309
L10.h_dlsales  -.00119973   .00074045  -1.6202761
 L10.h_dlperm   .00122662   .00060606   2.0239339
   L11.h_lfor   .00033507   .00076325   .43900216
  L11.h_dlhpi  -.01187415   .00613996   -1.933913
  L11.h_dlemp   .02491959   .01543153   1.6148488
L11.h_dlsales  -.00052458   .00069783  -.75173526
 L11.h_dlperm   .00048027   .00062267   .77131408
   L12.h_lfor  -.00034512    .0005153  -.66975401
  L12.h_dlhpi  -.00694007   .00552205  -1.2567909
  L12.h_dlemp  -.06645876   .01430797  -4.6448771
L12.h_dlsales  -.00065258   .00071635  -.91098116
 L12.h_dlperm  -.00053009   .00057473  -.92233235
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ4: dep.var     : h_dlsales

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .00086485   .01184334   .07302411
    L.h_dlhpi   1.2197465   .16314748   7.4763433
    L.h_dlemp   .20185501   .43090361   .46844585
  L.h_dlsales  -.20946306   .02913394  -7.1896589
   L.h_dlperm   .07582943   .01371293   5.5297752
    L2.h_lfor    .0363804   .01429474   2.5450203
   L2.h_dlhpi   .16839832   .17193468   .97943192
   L2.h_dlemp   .02572936   .44311507   .05806474
 L2.h_dlsales  -.04930468   .02396153  -2.0576602
  L2.h_dlperm   .04270408   .01290394   3.3093841
    L3.h_lfor  -.01981203   .01454821  -1.3618191
   L3.h_dlhpi    .1461515   .16340154   .89443159
   L3.h_dlemp  -2.2759598   .43250522  -5.2622712
 L3.h_dlsales  -.08447463   .02323793  -3.6352046
  L3.h_dlperm   .02002252   .01086646   1.8425985
    L4.h_lfor   .00406279   .01521539   .26701873
   L4.h_dlhpi  -.16469445   .17154851  -.96004595
   L4.h_dlemp  -.13290282   .41961583  -.31672499
 L4.h_dlsales   .07322426   .02361014   3.1013907
  L4.h_dlperm  -.03073356   .01296691  -2.3701522
    L5.h_lfor  -.00299951   .01540125  -.19475747
   L5.h_dlhpi  -.61253674   .18972635  -3.2285275
   L5.h_dlemp   .78835477   .42590887    1.850994
 L5.h_dlsales   .00648673   .02111147   .30726078
  L5.h_dlperm   .00809945   .01392123   .58180581
    L6.h_lfor    .0033636   .01667639   .20169823
   L6.h_dlhpi   .00754827   .18736815   .04028578
   L6.h_dlemp   .05109109    .3880266   .13166904
 L6.h_dlsales   .08622823   .02190594   3.9362951
  L6.h_dlperm   .01503933    .0121633   1.2364515
    L7.h_lfor   .00861031   .01676595   .51355919
   L7.h_dlhpi   .77099382   .19024387   4.0526605
   L7.h_dlemp   .11219439   .38387238   .29227004
 L7.h_dlsales  -.01241544   .02396147  -.51814166
  L7.h_dlperm  -.01284222   .01299116  -.98853549
    L8.h_lfor   .03639562   .01914552       1.901
   L8.h_dlhpi  -.64518306   .18354558  -3.5151108
   L8.h_dlemp  -.34211823   .38593605  -.88646352
 L8.h_dlsales  -.02547667   .02515981  -1.0125939
  L8.h_dlperm  -.00979252    .0124736  -.78505924
    L9.h_lfor  -.00601835   .01512332  -.39795183
   L9.h_dlhpi  -.15306305   .16939283   -.9035982
   L9.h_dlemp   .77127888   .37911244   2.0344331
 L9.h_dlsales   -.0444114   .02185596  -2.0320042
  L9.h_dlperm   .02755973   .01330073   2.0720467
   L10.h_lfor   -.0049288   .01571981  -.31354075
  L10.h_dlhpi   .33768807   .17053118   1.9802131
  L10.h_dlemp  -.79734384   .39738263  -2.0064889
L10.h_dlsales   .04077952   .01940522   2.1014717
 L10.h_dlperm   .00858154   .01170977   .73285238
   L11.h_lfor  -.00414725   .01438142  -.28837529
  L11.h_dlhpi  -.11383213   .17342576  -.65637383
  L11.h_dlemp    .3480346    .3612579   .96339652
L11.h_dlsales   .00152221   .01855444   .08204013
 L11.h_dlperm   .00199478   .01209608   .16491147
   L12.h_lfor  -.03764809   .01041131  -3.6160767
  L12.h_dlhpi   .11093414   .16557104   .67000929
  L12.h_dlemp   .75436439   .35504537   2.1246985
L12.h_dlsales    .0042243   .01828778   .23099034
 L12.h_dlperm  -.01121745   .01224643  -.91597754
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ5: dep.var     : h_dlperm

                    b_GMM      se_GMM       t_GMM
     L.h_lfor    .0109661   .01640384   .66850826
    L.h_dlhpi   1.6450184   .41913086   3.9248324
    L.h_dlemp   .77674138   .72767234   1.0674329
  L.h_dlsales   .21753355   .03676979    5.916094
   L.h_dlperm  -.36040802   .05175668  -6.9635077
    L2.h_lfor   -.0033971   .01648936  -.20601791
   L2.h_dlhpi   1.3671295   .55256502   2.4741514
   L2.h_dlemp   1.3155755   .83803265    1.569838
 L2.h_dlsales   .15275147   .03869059   3.9480267
  L2.h_dlperm  -.16855174   .04954969  -3.4016707
    L3.h_lfor  -.04497389   .01777249  -2.5305339
   L3.h_dlhpi  -.17783682   .33971838  -.52348307
   L3.h_dlemp  -3.5394956   1.1285569  -3.1363024
 L3.h_dlsales   .10700242   .04258481     2.51269
  L3.h_dlperm   .01335945   .08299232    .1609721
    L4.h_lfor  -.01031478   .01712303  -.60239229
   L4.h_dlhpi  -.59316243   .56058893  -1.0581059
   L4.h_dlemp  -3.8341412   1.0923119  -3.5101158
 L4.h_dlsales   .08975179   .03702664   2.4239789
  L4.h_dlperm  -.06863468   .07288611  -.94167027
    L5.h_lfor     .016885   .01745415   .96739184
   L5.h_dlhpi  -1.0439503   .48625493  -2.1469197
   L5.h_dlemp    1.223148   .82291229   1.4863649
 L5.h_dlsales   .03447571   .03462071   .99581176
  L5.h_dlperm   .13610202   .05319808   2.5584007
    L6.h_lfor  -.01575146   .01879868  -.83790278
   L6.h_dlhpi  -.15966067   .35456215  -.45030375
   L6.h_dlemp   1.0972396   .94139219   1.1655499
 L6.h_dlsales   .06798553    .0364943    1.862908
  L6.h_dlperm   .18071241    .0654272   2.7620379
    L7.h_lfor   .01427402    .0173801   .82128512
   L7.h_dlhpi   .26436047   .43454279   .60836464
   L7.h_dlemp   .38850551   .80564143    .4822313
 L7.h_dlsales   .05924001   .04343366   1.3639195
  L7.h_dlperm   .02392081   .05629486   .42491997
    L8.h_lfor   .05602228    .0174562   3.2093053
   L8.h_dlhpi  -.53621843   .30793143  -1.7413566
   L8.h_dlemp   -1.043909   .63866986  -1.6345049
 L8.h_dlsales  -.01016246    .0379199  -.26799797
  L8.h_dlperm  -.01022304   .06196715  -.16497519
    L9.h_lfor   .00203763   .01794285   .11356237
   L9.h_dlhpi  -.34094971   .30483348  -1.1184785
   L9.h_dlemp   .44585319   .69673358    .6399192
 L9.h_dlsales  -.11003026   .03945818  -2.7885288
  L9.h_dlperm   .06034024   .06728272   .89681639
   L10.h_lfor  -.02388321    .0177562  -1.3450632
  L10.h_dlhpi  -.15033178    .3234479  -.46477894
  L10.h_dlemp   .36523498   .69603357   .52473759
L10.h_dlsales  -.08781317   .03957714  -2.2187851
 L10.h_dlperm    .1910781   .06017636   3.1753019
   L11.h_lfor  -.00351216   .01602273  -.21919877
  L11.h_dlhpi  -.76969746   .26620096  -2.8914151
  L11.h_dlemp   .23637844   .61307172    .3855641
L11.h_dlsales  -.11467247   .03715991  -3.0859189
 L11.h_dlperm   .20814618   .05067894   4.1071535
   L12.h_lfor  -.01208023   .01259075   -.9594526
  L12.h_dlhpi  -.20090147    .2461617  -.81613619
  L12.h_dlemp   .89968782   .55420686   1.6233791
L12.h_dlsales  -.10547429   .02977679  -3.5421643
 L12.h_dlperm   .12756172   .06025243   2.1171216
------------------------------------------------------------------------------
just identified - Hansen statistic is not calculated 
these are summary  of residuals:

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
    __00009I |      4551   -.0000654    .1338495  -1.612359   2.258988
    __00009L |      4602    .0003011    .0095864  -.0521787   .0767674
    __00009O |      4602    .0001408    .0038721   -.063914   .0464095
    __00009R |      4602    .0076726    .0919066  -.9585383   .6122741
    __00009U |      4601    .0024541    .1594442  -2.923564   2.488722
-------------+--------------------------------------------------------
        lfor |      6120   -.1832155    .7563009  -3.912023   2.598235
       dlhpi |      5305    .0106824    .0161902  -.1045814   .1191192
       dlemp |      6120     .003195    .0074502  -.0723462   .0675726
     dlsales |      5916    .0053343    .1111583  -.9608572   .8230836
      dlperm |      6116   -.0023875    .1828618  -3.146739   2.144224

symmetric uu[5,5]
               lfor       dlhpi       dlemp     dlsales      dlperm
   lfor   .01790834
  dlhpi  -.00004769   .00009227
  dlemp  -.00002081  -2.259e-06   .00001498
dlsales  -.00070925   .00004682   .00002802   .00812671
 dlperm  -.00035353   6.444e-06   .00010136   .00262493   .02516865
 
Residuals correlation matrix 

             |       u1       u2       u3       u4       u5
-------------+---------------------------------------------
          u1 |   1.0000 
             |
             |
          u2 |  -0.0374   1.0000 
             |   0.0117
             |
          u3 |  -0.0407  -0.0596   1.0000 
             |   0.0060   0.0001
             |
          u4 |  -0.0585   0.0562   0.0868   1.0000 
             |   0.0001   0.0001   0.0000
             |
          u5 |  -0.0167   0.0085   0.1578   0.1770   1.0000 
             |   0.2615   0.5646   0.0000   0.0000
             |
 
Variance-covariance matrix of residuals (u'u):

symmetric uu[5,5]
               lfor       dlhpi       dlemp     dlsales      dlperm
   lfor   .01790834
  dlhpi  -.00004769   .00009227
  dlemp  -.00002081  -2.259e-06   .00001498
dlsales  -.00070925   .00004682   .00002802   .00812671
 dlperm  -.00035353   6.444e-06   .00010136   .00262493   .02516865
 
Mean squared errors of regression (sqrt of diagonal elements of u'u)

rmse[1,5]
         lfor      dlhpi      dlemp    dlsales     dlperm
r1  .13382206   .0096058  .00387079  .09014826  .15864632
 
GMM finished : 18:41:55
 

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize        5000     max. RHS vars in models        191.154M
                                                            -----------
                                                             1,193.102M
Starting Monte-Carlo loop : 18:41:55 , total 200 repetitions requested
i=6, i=12, i=18, i=24, i=30, i=36, i=42, i=48, i=54, i=60, i=66, i=72, i=78, i=84, i=90, i=96, i=102
> , i=108, i=114, i=120, i=126, i=132, i=138, i=144, i=150, i=156, i=162, i=168, i=174, i=180, i=186
> , i=192, i=198, i=200, finished Monte-Carlo loop : 18:42:27 
Impulse-responses of variable in varname to the shock in column variable

  +------------------------------------------------------------------------+
  | varname    s   order      lfor     dlhpi     dlemp   dlsales    dlperm |
  |------------------------------------------------------------------------|
  |    lfor    0       1    0.1338    0.0000    0.0000    0.0000    0.0000 |
  |    lfor    1       1    0.0949   -0.0128   -0.0053   -0.0075   -0.0047 |
  |    lfor    2       1    0.0984   -0.0213   -0.0078   -0.0048   -0.0113 |
  |    lfor    3       1    0.1030   -0.0381   -0.0144   -0.0072   -0.0138 |
  |    lfor    4       1    0.1098   -0.0434   -0.0151   -0.0106   -0.0186 |
  |------------------------------------------------------------------------|
  |    lfor    5       1    0.1110   -0.0536   -0.0224   -0.0196   -0.0267 |
  |    lfor    6       1    0.1090   -0.0642   -0.0223   -0.0258   -0.0395 |
  |    lfor    7       1    0.1147   -0.0734   -0.0220   -0.0303   -0.0440 |
  |    lfor    8       1    0.1094   -0.0841   -0.0188   -0.0387   -0.0500 |
  |    lfor    9       1    0.0996   -0.0820   -0.0223   -0.0398   -0.0540 |
  |------------------------------------------------------------------------|
  |    lfor   10       1    0.0994   -0.0838   -0.0204   -0.0461   -0.0592 |
  |    lfor   11       1    0.0895   -0.0870   -0.0214   -0.0472   -0.0606 |
  |    lfor   12       1    0.0841   -0.0897   -0.0202   -0.0515   -0.0628 |
  |    lfor   13       1    0.0758   -0.0880   -0.0181   -0.0534   -0.0668 |
  |    lfor   14       1    0.0673   -0.0852   -0.0178   -0.0540   -0.0674 |
  |------------------------------------------------------------------------|
  |    lfor   15       1    0.0586   -0.0841   -0.0172   -0.0534   -0.0688 |
  |    lfor   16       1    0.0490   -0.0803   -0.0171   -0.0529   -0.0703 |
  |    lfor   17       1    0.0411   -0.0751   -0.0159   -0.0517   -0.0698 |
  |    lfor   18       1    0.0333   -0.0696   -0.0155   -0.0511   -0.0692 |
  |    lfor   19       1    0.0261   -0.0641   -0.0156   -0.0487   -0.0677 |
  |------------------------------------------------------------------------|
  |    lfor   20       1    0.0200   -0.0589   -0.0153   -0.0471   -0.0664 |
  |    lfor   21       1    0.0132   -0.0526   -0.0151   -0.0442   -0.0641 |
  |    lfor   22       1    0.0081   -0.0464   -0.0147   -0.0421   -0.0612 |
  |    lfor   23       1    0.0036   -0.0405   -0.0144   -0.0393   -0.0586 |
  |    lfor   24       1   -0.0002   -0.0349   -0.0142   -0.0365   -0.0559 |
  |------------------------------------------------------------------------|
  |   dlhpi    0       2   -0.0004    0.0096    0.0000    0.0000    0.0000 |
  |   dlhpi    1       2   -0.0007    0.0034    0.0001    0.0005    0.0004 |
  |   dlhpi    2       2   -0.0005    0.0022    0.0004    0.0011    0.0006 |
  |   dlhpi    3       2   -0.0005    0.0039    0.0004    0.0009    0.0003 |
  |   dlhpi    4       2   -0.0004    0.0041    0.0008    0.0009    0.0005 |
  |------------------------------------------------------------------------|
  |   dlhpi    5       2   -0.0004    0.0032    0.0006    0.0014    0.0008 |
  |   dlhpi    6       2   -0.0002    0.0027    0.0003    0.0017    0.0008 |
  |   dlhpi    7       2   -0.0003    0.0027    0.0010    0.0020    0.0008 |
  |   dlhpi    8       2   -0.0001    0.0035    0.0006    0.0015    0.0013 |
  |   dlhpi    9       2    0.0006    0.0037    0.0004    0.0017    0.0007 |
  |------------------------------------------------------------------------|
  |   dlhpi   10       2    0.0007    0.0027    0.0001    0.0018    0.0009 |
  |   dlhpi   11       2    0.0008    0.0023    0.0003    0.0017    0.0006 |
  |   dlhpi   12       2    0.0008    0.0026    0.0006    0.0016    0.0010 |
  |   dlhpi   13       2    0.0011    0.0024    0.0005    0.0015    0.0009 |
  |   dlhpi   14       2    0.0013    0.0020    0.0005    0.0014    0.0007 |
  |------------------------------------------------------------------------|
  |   dlhpi   15       2    0.0014    0.0017    0.0004    0.0014    0.0006 |
  |   dlhpi   16       2    0.0015    0.0016    0.0004    0.0012    0.0007 |
  |   dlhpi   17       2    0.0016    0.0015    0.0004    0.0011    0.0006 |
  |   dlhpi   18       2    0.0017    0.0012    0.0005    0.0010    0.0006 |
  |   dlhpi   19       2    0.0017    0.0009    0.0004    0.0010    0.0004 |
  |------------------------------------------------------------------------|
  |   dlhpi   20       2    0.0017    0.0008    0.0004    0.0009    0.0003 |
  |   dlhpi   21       2    0.0017    0.0007    0.0004    0.0008    0.0003 |
  |   dlhpi   22       2    0.0016    0.0006    0.0004    0.0007    0.0002 |
  |   dlhpi   23       2    0.0016    0.0004    0.0004    0.0006    0.0002 |
  |   dlhpi   24       2    0.0015    0.0003    0.0004    0.0005    0.0001 |
  |------------------------------------------------------------------------|
  |   dlemp    0       3   -0.0002   -0.0002    0.0039    0.0000    0.0000 |
  |   dlemp    1       3   -0.0000    0.0000    0.0019    0.0003    0.0005 |
  |   dlemp    2       3    0.0001    0.0002    0.0017    0.0004    0.0005 |
  |   dlemp    3       3    0.0001    0.0005    0.0016    0.0004    0.0005 |
  |   dlemp    4       3   -0.0001    0.0004    0.0007    0.0006    0.0006 |
  |------------------------------------------------------------------------|
  |   dlemp    5       3   -0.0001    0.0002    0.0010    0.0008    0.0007 |
  |   dlemp    6       3   -0.0002    0.0003    0.0010    0.0009    0.0007 |
  |   dlemp    7       3   -0.0003    0.0006    0.0009    0.0011    0.0005 |
  |   dlemp    8       3   -0.0002    0.0006    0.0003    0.0010    0.0006 |
  |   dlemp    9       3   -0.0002    0.0006    0.0005    0.0008    0.0007 |
  |------------------------------------------------------------------------|
  |   dlemp   10       3   -0.0001    0.0007    0.0004    0.0007    0.0007 |
  |   dlemp   11       3   -0.0000    0.0006    0.0005    0.0007    0.0007 |
  |   dlemp   12       3    0.0000    0.0006    0.0003    0.0006    0.0006 |
  |   dlemp   13       3    0.0001    0.0005    0.0002    0.0006    0.0006 |
  |   dlemp   14       3    0.0001    0.0004    0.0001    0.0005    0.0006 |
  |------------------------------------------------------------------------|
  |   dlemp   15       3    0.0002    0.0004    0.0001    0.0004    0.0006 |
  |   dlemp   16       3    0.0002    0.0003    0.0002    0.0004    0.0006 |
  |   dlemp   17       3    0.0003    0.0002    0.0001    0.0004    0.0005 |
  |   dlemp   18       3    0.0003    0.0002    0.0001    0.0003    0.0004 |
  |   dlemp   19       3    0.0003    0.0001    0.0000    0.0003    0.0004 |
  |------------------------------------------------------------------------|
  |   dlemp   20       3    0.0003    0.0001    0.0001    0.0002    0.0004 |
  |   dlemp   21       3    0.0003   -0.0000    0.0001    0.0002    0.0003 |
  |   dlemp   22       3    0.0003   -0.0000    0.0001    0.0001    0.0003 |
  |   dlemp   23       3    0.0003   -0.0001    0.0001    0.0001    0.0002 |
  |   dlemp   24       3    0.0003   -0.0001    0.0001    0.0001    0.0002 |
  |------------------------------------------------------------------------|
  | dlsales    0       4   -0.0053    0.0047    0.0073    0.0896    0.0000 |
  | dlsales    1       4    0.0006    0.0107    0.0012   -0.0167    0.0117 |
  | dlsales    2       4    0.0041    0.0045    0.0007    0.0017    0.0005 |
  | dlsales    3       4   -0.0001    0.0048   -0.0082   -0.0047    0.0005 |
  | dlsales    4       4    0.0007    0.0029   -0.0033    0.0097   -0.0067 |
  |------------------------------------------------------------------------|
  | dlsales    5       4    0.0003   -0.0022   -0.0003   -0.0017    0.0041 |
  | dlsales    6       4    0.0017    0.0015   -0.0001    0.0098    0.0027 |
  | dlsales    7       4    0.0028    0.0094   -0.0003   -0.0048   -0.0014 |
  | dlsales    8       4    0.0074   -0.0045   -0.0013    0.0008   -0.0017 |
  | dlsales    9       4    0.0052   -0.0023   -0.0001   -0.0042    0.0034 |
  |------------------------------------------------------------------------|
  | dlsales   10       4    0.0058    0.0037   -0.0040    0.0056   -0.0032 |
  | dlsales   11       4    0.0046   -0.0009    0.0016   -0.0034    0.0028 |
  | dlsales   12       4    0.0013   -0.0021    0.0019    0.0015   -0.0020 |
  | dlsales   13       4    0.0028   -0.0015   -0.0008   -0.0019   -0.0007 |
  | dlsales   14       4    0.0029   -0.0019    0.0009    0.0008   -0.0033 |
  |------------------------------------------------------------------------|
  | dlsales   15       4    0.0022   -0.0004    0.0002   -0.0025   -0.0003 |
  | dlsales   16       4    0.0018   -0.0012    0.0002    0.0012   -0.0017 |
  | dlsales   17       4    0.0011   -0.0018    0.0009   -0.0014   -0.0001 |
  | dlsales   18       4    0.0007   -0.0012    0.0017    0.0001   -0.0022 |
  | dlsales   19       4    0.0003    0.0003    0.0005   -0.0008   -0.0006 |
  |------------------------------------------------------------------------|
  | dlsales   20       4    0.0005   -0.0002   -0.0002    0.0005   -0.0009 |
  | dlsales   21       4    0.0002   -0.0004    0.0007   -0.0009   -0.0001 |
  | dlsales   22       4   -0.0005   -0.0001    0.0008    0.0007   -0.0006 |
  | dlsales   23       4   -0.0004    0.0004    0.0008   -0.0003   -0.0002 |
  | dlsales   24       4   -0.0004    0.0007    0.0005    0.0006   -0.0013 |
  |------------------------------------------------------------------------|
  |  dlperm    0       5   -0.0026    0.0006    0.0262    0.0270    0.1541 |
  |  dlperm    1       5    0.0006    0.0164   -0.0048    0.0098   -0.0555 |
  |  dlperm    2       5   -0.0018    0.0153    0.0054    0.0030   -0.0024 |
  |  dlperm    3       5   -0.0055    0.0023   -0.0088    0.0082    0.0166 |
  |  dlperm    4       5   -0.0025    0.0049   -0.0172    0.0032   -0.0151 |
  |------------------------------------------------------------------------|
  |  dlperm    5       5   -0.0012    0.0001    0.0063    0.0045    0.0259 |
  |  dlperm    6       5   -0.0055    0.0051    0.0016    0.0114    0.0141 |
  |  dlperm    7       5   -0.0007    0.0097   -0.0010    0.0063   -0.0157 |
  |  dlperm    8       5    0.0061    0.0002   -0.0019   -0.0011    0.0051 |
  |  dlperm    9       5    0.0026   -0.0004   -0.0049   -0.0061    0.0099 |
  |------------------------------------------------------------------------|
  |  dlperm   10       5    0.0019    0.0022   -0.0002    0.0009    0.0207 |
  |  dlperm   11       5    0.0042   -0.0049    0.0040    0.0008    0.0184 |
  |  dlperm   12       5    0.0023   -0.0000    0.0053    0.0007   -0.0018 |
  |  dlperm   13       5    0.0024    0.0008   -0.0035    0.0054   -0.0122 |
  |  dlperm   14       5    0.0025   -0.0039   -0.0034   -0.0022    0.0055 |
  |------------------------------------------------------------------------|
  |  dlperm   15       5    0.0027   -0.0039   -0.0014   -0.0020    0.0066 |
  |  dlperm   16       5    0.0016   -0.0038    0.0013    0.0014    0.0064 |
  |  dlperm   17       5    0.0009   -0.0029    0.0033    0.0011    0.0018 |
  |  dlperm   18       5    0.0013   -0.0019    0.0003   -0.0003   -0.0061 |
  |  dlperm   19       5    0.0011   -0.0036   -0.0014   -0.0017   -0.0004 |
  |------------------------------------------------------------------------|
  |  dlperm   20       5    0.0003   -0.0044   -0.0012   -0.0032    0.0077 |
  |  dlperm   21       5    0.0001   -0.0044    0.0017   -0.0018    0.0063 |
  |  dlperm   22       5   -0.0003   -0.0033    0.0030   -0.0001    0.0027 |
  |  dlperm   23       5   -0.0004   -0.0024    0.0006    0.0002   -0.0036 |
  |  dlperm   24       5   -0.0007   -0.0025   -0.0012   -0.0009   -0.0033 |
  +------------------------------------------------------------------------+
s=4,8,12,16,20,24,
** variance-decompositions: percent of variation in the row variable explained by column variable

D[30,6]
                 s       lfor      dlhpi      dlemp    dlsales     dlperm
   lfor          4  .94325999  .04134601  .00595664  .00263341  .00680396
  dlhpi          4  .00854531  .96734407  .00227774  .01744454  .00438834
  dlemp          4  .00140905  .01356763  .94095083  .01412975  .02994274
dlsales          4  .00509036  .02042638   .0140543  .94487081  .01555814
 dlperm          4  .00136852  .01730551  .02778193  .03057384  .92297019
   lfor          8  .79154998  .13382186  .01648196  .01809797  .04004823
  dlhpi          8  .00825311  .90000376  .01271082  .06458038  .01445193
  dlemp          8  .00456919   .0296442  .80031486  .09662521  .06884655
dlsales          8  .00611486  .03083897  .01460354  .92587022   .0225724
 dlperm          8  .00251616  .02076281  .03673041  .03498298  .90500764
   lfor         12  .64347998  .21094324  .01762489  .04550231  .08244958
  dlhpi         12  .01270327  .85329307  .01235533  .09645247  .02519587
  dlemp         12   .0059378  .06392279  .68363974  .14342495  .10307472
dlsales         12  .02029812  .03413027   .0162369  .90399855  .02533617
 dlperm         12  .00444735  .02096672  .03688487  .03507399  .90262708
   lfor         16  .53614583  .25525183   .0173403  .07131565  .11994639
  dlhpi         16  .03159734  .80708994  .01409316  .11565887  .03156069
  dlemp         16   .0069267  .07966238  .62880812  .15732716  .12727564
dlsales         16  .02259536  .03499588  .01663442  .89897341  .02680092
 dlperm         16  .00514359  .02168556  .03810055  .03584824  .89922206
   lfor         20  .46490607  .27333353  .01742806  .08938321  .15494912
  dlhpi         20  .06419132  .76516639  .01549551  .12169537   .0334514
  dlemp         20  .01344093  .08070325  .60346357   .1615512  .14084105
dlsales         20  .02303691  .03553794  .01701665  .89682049    .027588
 dlperm         20  .00530613  .02278997  .03837524   .0358727  .89765596
   lfor         24  .42470494  .27474417  .01815798  .10072914  .18166376
  dlhpi         24  .09492721   .7329924  .01672783  .12276657  .03258599
  dlemp         24  .02045156  .07943033  .59271418  .16066085  .14674307
dlsales         24  .02309423  .03556418  .01720006  .89643012  .02771142
 dlperm         24  .00528623  .02431725  .03855571  .03607475  .89576605

. 
. log off
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Orderings_Appendix.v5.txt
  log type:  text
 paused on:   8 May 2011, 18:42:28
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Orderings_Appendix.v5.txt
  log type:  text
resumed on:   8 May 2011, 18:42:54

. 
. ** ORDERING - Foreclosures Employment Sales Permits Prices 
. 
. pvar lfor dlemp dlsales dlperm dlhpi if state ~= 52 , lag(12) irf(24) gmm monte list_imp "decomp 2
> 4"

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize         800     max. RHS vars in models          4.950M
                                                            -----------
                                                             1,006.897M
(121 observations deleted)

Variable names in order: lfor dlemp dlsales dlperm dlhpi
GMM started : 18:42:54  
accumulating matrices equation 1,2,3,4,5,calculating b2sls
calculating big ZuuZ matrix
finished accumulating ZuuZ
_______ Results of the Estimation by system GMM_________
number of observations used : 4550
------------------------------------------------------------------------------
EQ1: dep.var     : h_lfor

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .70087472   .04437718   15.793584
    L.h_dlemp  -1.0307433   .57764159  -1.7843995
  L.h_dlsales  -.07472907   .03069531  -2.4345432
   L.h_dlperm  -.03045759   .01058148  -2.8783878
    L.h_dlhpi  -1.3257857    .2599888  -5.0993953
    L2.h_lfor    .2287241   .05993037   3.8164975
   L2.h_dlemp  -.24400681   .68045126  -.35859558
 L2.h_dlsales   .02064525   .03016341   .68444689
  L2.h_dlperm  -.05026978    .0129817  -3.8723575
   L2.h_dlhpi  -.68959937   .26076696  -2.6445044
    L3.h_lfor    .0815951   .05984745   1.3633848
   L3.h_dlemp  -1.0656052   .60050909  -1.7745031
 L3.h_dlsales   .02493197   .02864442   .87039518
  L3.h_dlperm   -.0405268   .01363655  -2.9719256
   L3.h_dlhpi  -1.4230957    .2455053  -5.7965989
    L4.h_lfor   .04017687   .04933745    .8143281
   L4.h_dlemp   .55478394   .63210592    .8776756
 L4.h_dlsales   .01541354    .0272127   .56640958
  L4.h_dlperm  -.03590163   .01536141   -2.337131
   L4.h_dlhpi   .29583697   .30884613    .9578782
    L5.h_lfor  -.02663083   .04065026  -.65512075
   L5.h_dlemp  -.83234458   .53843125  -1.5458697
 L5.h_dlsales  -.02336374   .02851253     -.81942
  L5.h_dlperm  -.06097063   .01614645   -3.776102
   L5.h_dlhpi   .00164073   .30360379   .00540418
    L6.h_lfor   -.0413504    .0397584  -1.0400418
   L6.h_dlemp   1.3040669     .596047   2.1878592
 L6.h_dlsales  -.01152078   .02952248  -.39023757
  L6.h_dlperm  -.09073076   .01524384  -5.9519616
   L6.h_dlhpi   .18865841   .32270079   .58462332
    L7.h_lfor   .03737042   .04065266   .91926118
   L7.h_dlemp   .70718257   .62584781   1.1299593
 L7.h_dlsales   .02965059   .02879869   1.0295813
  L7.h_dlperm  -.05609155   .01630007  -3.4411844
   L7.h_dlhpi   .16391058   .30288077   .54117196
    L8.h_lfor  -.05795773   .05352741  -1.0827673
   L8.h_dlemp   1.4530582   .59645797   2.4361452
 L8.h_dlsales   .00389927    .0280637   .13894351
  L8.h_dlperm  -.04532642    .0188268  -2.4075482
   L8.h_dlhpi  -.04796497   .28650143  -.16741617
    L9.h_lfor  -.06496917   .04011145  -1.6197164
   L9.h_dlemp  -1.7476002    .6242457  -2.7995391
 L9.h_dlsales   .06555361   .03071945   2.1339446
  L9.h_dlperm  -.02805215   .01769075   -1.585696
   L9.h_dlhpi   .92734064   .31001284   2.9912975
   L10.h_lfor   .05191136   .03807114   1.3635358
  L10.h_dlemp   .57346888   .66600626    .8610563
L10.h_dlsales   .02578218   .02844591    .9063582
 L10.h_dlperm  -.02718924   .01766446   -1.539206
  L10.h_dlhpi   .51610702   .29010138   1.7790574
   L11.h_lfor  -.03025802   .03744627  -.80803831
  L11.h_dlemp  -1.0230681   .67141693  -1.5237449
L11.h_dlsales    .0431337   .02753625   1.5664332
 L11.h_dlperm   .00619116   .01578081   .39232186
  L11.h_dlhpi   .24007072    .2578968   .93087901
   L12.h_lfor   .02587911    .0238047   1.0871428
  L12.h_dlemp   .53069775   .53751695   .98731353
L12.h_dlsales   .00685612   .02898966   .23650213
 L12.h_dlperm   .01229105   .01630959   .75360895
  L12.h_dlhpi  -.14595231   .26127448  -.55861678
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ2: dep.var     : h_dlemp

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .00070884   .00053358   1.3284435
    L.h_dlemp   .45788235    .0525219   8.7179318
  L.h_dlsales   .00209259   .00077511   2.6997502
   L.h_dlperm   .00341163   .00055544   6.1422683
    L.h_dlhpi   .01414709   .00629768   2.2463959
    L2.h_lfor   .00041674   .00056182   .74175572
   L2.h_dlemp   .20377158   .03286937   6.1994371
 L2.h_dlsales   .00202841   .00083464   2.4302772
  L2.h_dlperm    .0024445   .00071418   3.4228177
   L2.h_dlhpi   .01314304   .00655887   2.0038572
    L3.h_lfor  -.00005007   .00053246  -.09403404
   L3.h_dlemp   .08964459   .02645391   3.3887084
 L3.h_dlsales   .00074646   .00086226   .86570386
  L3.h_dlperm   .00210256   .00053136   3.9569307
   L3.h_dlhpi    .0222361   .00655626   3.3915852
    L4.h_lfor  -.00158474   .00055615  -2.8495059
   L4.h_dlemp  -.14594027   .02417647  -6.0364597
 L4.h_dlsales   .00247877   .00083082   2.9835335
  L4.h_dlperm   .00154555   .00053052   2.9132649
   L4.h_dlhpi  -.01647972   .00666557  -2.4723661
    L5.h_lfor   .00021121    .0005839   .36172821
   L5.h_dlemp   .13115152   .02409834   5.4423468
 L5.h_dlsales   .00323659   .00081634   3.9647546
  L5.h_dlperm   .00259617   .00069908   3.7137002
   L5.h_dlhpi  -.02821867   .00695573  -4.0568982
    L6.h_lfor  -.00062174   .00059839  -1.0390331
   L6.h_dlemp   .05678305   .01784975   3.1811677
 L6.h_dlsales   .00380303   .00077242   4.9235079
  L6.h_dlperm   .00194711   .00061382   3.1720952
   L6.h_dlhpi  -.00141023   .00679438  -.20755874
    L7.h_lfor  -.00014998     .000577  -.25992146
   L7.h_dlemp   .01212867   .01770853    .6849059
 L7.h_dlsales   .00400224   .00079621   5.0266018
  L7.h_dlperm  -.00018993   .00054637    -.347616
   L7.h_dlhpi   .01708355   .00694287   2.4605907
    L8.h_lfor   .00071202   .00064473     1.10437
   L8.h_dlemp  -.15515882   .01906273  -8.1393828
 L8.h_dlsales   .00205244   .00083171   2.4677421
  L8.h_dlperm   .00002816   .00055579   .05067124
   L8.h_dlhpi  -.00190725   .00640403  -.29782065
    L9.h_lfor  -.00045769   .00067074  -.68236859
   L9.h_dlemp   .09176827   .01875483   4.8930467
 L9.h_dlsales  -.00021168   .00079707  -.26557851
  L9.h_dlperm   .00163468   .00065232   2.5059494
   L9.h_dlhpi    .0030274   .00682527   .44355676
   L10.h_lfor   .00067965   .00075362   .90184651
  L10.h_dlemp   .04149043   .01787509   2.3211309
L10.h_dlsales  -.00119973   .00074045  -1.6202761
 L10.h_dlperm   .00122662   .00060606   2.0239339
  L10.h_dlhpi   .00856004   .00600357   1.4258258
   L11.h_lfor   .00033507   .00076325   .43900216
  L11.h_dlemp   .02491959   .01543153   1.6148488
L11.h_dlsales  -.00052458   .00069783  -.75173526
 L11.h_dlperm   .00048027   .00062267   .77131408
  L11.h_dlhpi  -.01187415   .00613996   -1.933913
   L12.h_lfor  -.00034512    .0005153  -.66975401
  L12.h_dlemp  -.06645876   .01430797  -4.6448771
L12.h_dlsales  -.00065258   .00071635  -.91098116
 L12.h_dlperm  -.00053009   .00057473  -.92233235
  L12.h_dlhpi  -.00694007   .00552205  -1.2567909
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ3: dep.var     : h_dlsales

                    b_GMM      se_GMM       t_GMM
     L.h_lfor   .00086485   .01184334   .07302411
    L.h_dlemp   .20185501   .43090361   .46844585
  L.h_dlsales  -.20946306   .02913394  -7.1896589
   L.h_dlperm   .07582943   .01371293   5.5297752
    L.h_dlhpi   1.2197465   .16314748   7.4763433
    L2.h_lfor    .0363804   .01429474   2.5450203
   L2.h_dlemp   .02572936   .44311507   .05806474
 L2.h_dlsales  -.04930468   .02396153  -2.0576602
  L2.h_dlperm   .04270408   .01290394   3.3093841
   L2.h_dlhpi   .16839832   .17193468   .97943192
    L3.h_lfor  -.01981203   .01454821  -1.3618191
   L3.h_dlemp  -2.2759598   .43250522  -5.2622712
 L3.h_dlsales  -.08447463   .02323793  -3.6352046
  L3.h_dlperm   .02002252   .01086646   1.8425985
   L3.h_dlhpi    .1461515   .16340154   .89443159
    L4.h_lfor   .00406279   .01521539   .26701873
   L4.h_dlemp  -.13290282   .41961583  -.31672499
 L4.h_dlsales   .07322426   .02361014   3.1013907
  L4.h_dlperm  -.03073356   .01296691  -2.3701522
   L4.h_dlhpi  -.16469445   .17154851  -.96004595
    L5.h_lfor  -.00299951   .01540125  -.19475747
   L5.h_dlemp   .78835477   .42590887    1.850994
 L5.h_dlsales   .00648673   .02111147   .30726078
  L5.h_dlperm   .00809945   .01392123   .58180581
   L5.h_dlhpi  -.61253674   .18972635  -3.2285275
    L6.h_lfor    .0033636   .01667639   .20169823
   L6.h_dlemp   .05109109    .3880266   .13166904
 L6.h_dlsales   .08622823   .02190594   3.9362951
  L6.h_dlperm   .01503933    .0121633   1.2364515
   L6.h_dlhpi   .00754827   .18736815   .04028578
    L7.h_lfor   .00861031   .01676595   .51355919
   L7.h_dlemp   .11219439   .38387238   .29227004
 L7.h_dlsales  -.01241544   .02396147  -.51814166
  L7.h_dlperm  -.01284222   .01299116  -.98853549
   L7.h_dlhpi   .77099382   .19024387   4.0526605
    L8.h_lfor   .03639562   .01914552       1.901
   L8.h_dlemp  -.34211823   .38593605  -.88646352
 L8.h_dlsales  -.02547667   .02515981  -1.0125939
  L8.h_dlperm  -.00979252    .0124736  -.78505924
   L8.h_dlhpi  -.64518306   .18354558  -3.5151108
    L9.h_lfor  -.00601835   .01512332  -.39795183
   L9.h_dlemp   .77127888   .37911244   2.0344331
 L9.h_dlsales   -.0444114   .02185596  -2.0320042
  L9.h_dlperm   .02755973   .01330073   2.0720467
   L9.h_dlhpi  -.15306305   .16939283   -.9035982
   L10.h_lfor   -.0049288   .01571981  -.31354075
  L10.h_dlemp  -.79734384   .39738263  -2.0064889
L10.h_dlsales   .04077952   .01940522   2.1014717
 L10.h_dlperm   .00858154   .01170977   .73285238
  L10.h_dlhpi   .33768807   .17053118   1.9802131
   L11.h_lfor  -.00414725   .01438142  -.28837529
  L11.h_dlemp    .3480346    .3612579   .96339652
L11.h_dlsales   .00152221   .01855444   .08204013
 L11.h_dlperm   .00199478   .01209608   .16491147
  L11.h_dlhpi  -.11383213   .17342576  -.65637383
   L12.h_lfor  -.03764809   .01041131  -3.6160767
  L12.h_dlemp   .75436439   .35504537   2.1246985
L12.h_dlsales    .0042243   .01828778   .23099034
 L12.h_dlperm  -.01121745   .01224643  -.91597754
  L12.h_dlhpi   .11093414   .16557104   .67000929
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ4: dep.var     : h_dlperm

                    b_GMM      se_GMM       t_GMM
     L.h_lfor    .0109661   .01640384   .66850826
    L.h_dlemp   .77674138   .72767234   1.0674329
  L.h_dlsales   .21753355   .03676979    5.916094
   L.h_dlperm  -.36040802   .05175668  -6.9635077
    L.h_dlhpi   1.6450184   .41913086   3.9248324
    L2.h_lfor   -.0033971   .01648936  -.20601791
   L2.h_dlemp   1.3155755   .83803265    1.569838
 L2.h_dlsales   .15275147   .03869059   3.9480267
  L2.h_dlperm  -.16855174   .04954969  -3.4016707
   L2.h_dlhpi   1.3671295   .55256502   2.4741514
    L3.h_lfor  -.04497389   .01777249  -2.5305339
   L3.h_dlemp  -3.5394956   1.1285569  -3.1363024
 L3.h_dlsales   .10700242   .04258481     2.51269
  L3.h_dlperm   .01335945   .08299232    .1609721
   L3.h_dlhpi  -.17783682   .33971838  -.52348307
    L4.h_lfor  -.01031478   .01712303  -.60239229
   L4.h_dlemp  -3.8341412   1.0923119  -3.5101158
 L4.h_dlsales   .08975179   .03702664   2.4239789
  L4.h_dlperm  -.06863468   .07288611  -.94167027
   L4.h_dlhpi  -.59316243   .56058893  -1.0581059
    L5.h_lfor     .016885   .01745415   .96739184
   L5.h_dlemp    1.223148   .82291229   1.4863649
 L5.h_dlsales   .03447571   .03462071   .99581176
  L5.h_dlperm   .13610202   .05319808   2.5584007
   L5.h_dlhpi  -1.0439503   .48625493  -2.1469197
    L6.h_lfor  -.01575146   .01879868  -.83790278
   L6.h_dlemp   1.0972396   .94139219   1.1655499
 L6.h_dlsales   .06798553    .0364943    1.862908
  L6.h_dlperm   .18071241    .0654272   2.7620379
   L6.h_dlhpi  -.15966067   .35456215  -.45030375
    L7.h_lfor   .01427402    .0173801   .82128512
   L7.h_dlemp   .38850551   .80564143    .4822313
 L7.h_dlsales   .05924001   .04343366   1.3639195
  L7.h_dlperm   .02392081   .05629486   .42491997
   L7.h_dlhpi   .26436047   .43454279   .60836464
    L8.h_lfor   .05602228    .0174562   3.2093053
   L8.h_dlemp   -1.043909   .63866986  -1.6345049
 L8.h_dlsales  -.01016246    .0379199  -.26799797
  L8.h_dlperm  -.01022304   .06196715  -.16497519
   L8.h_dlhpi  -.53621843   .30793143  -1.7413566
    L9.h_lfor   .00203763   .01794285   .11356237
   L9.h_dlemp   .44585319   .69673358    .6399192
 L9.h_dlsales  -.11003026   .03945818  -2.7885288
  L9.h_dlperm   .06034024   .06728272   .89681639
   L9.h_dlhpi  -.34094971   .30483348  -1.1184785
   L10.h_lfor  -.02388321    .0177562  -1.3450632
  L10.h_dlemp   .36523498   .69603357   .52473759
L10.h_dlsales  -.08781317   .03957714  -2.2187851
 L10.h_dlperm    .1910781   .06017636   3.1753019
  L10.h_dlhpi  -.15033178    .3234479  -.46477894
   L11.h_lfor  -.00351216   .01602273  -.21919877
  L11.h_dlemp   .23637844   .61307172    .3855641
L11.h_dlsales  -.11467247   .03715991  -3.0859189
 L11.h_dlperm   .20814618   .05067894   4.1071535
  L11.h_dlhpi  -.76969746   .26620096  -2.8914151
   L12.h_lfor  -.01208023   .01259075   -.9594526
  L12.h_dlemp   .89968782   .55420686   1.6233791
L12.h_dlsales  -.10547429   .02977679  -3.5421643
 L12.h_dlperm   .12756172   .06025243   2.1171216
  L12.h_dlhpi  -.20090147    .2461617  -.81613619
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ5: dep.var     : h_dlhpi

                    b_GMM      se_GMM       t_GMM
     L.h_lfor  -.00435992   .00133489  -3.2661212
    L.h_dlemp  -.00094084   .04312673  -.02181576
  L.h_dlsales   .00495079   .00216874   2.2827987
   L.h_dlperm   .00265865   .00169532   1.5682271
    L.h_dlhpi   .34887181   .02358534   14.791893
    L2.h_lfor   .00229817   .00172068   1.3356216
   L2.h_dlemp   .04105387   .04246379   .96679711
 L2.h_dlsales    .0093708   .00254668   3.6796124
  L2.h_dlperm   .00321418   .00160058   2.0081367
   L2.h_dlhpi   .08730897   .02399614   3.6384597
    L3.h_lfor   .00066104   .00156947    .4211852
   L3.h_dlemp   .02270831   .04165194   .54519217
 L3.h_dlsales   .00618234   .00242065   2.5539952
  L3.h_dlperm   .00026757   .00129664   .20635639
   L3.h_dlhpi   .26090122   .02254384   11.573059
    L4.h_lfor   .00153542   .00168747   .90989839
   L4.h_dlemp    .1152794   .04399198   2.6204642
 L4.h_dlsales   .00376743   .00227916   1.6529876
  L4.h_dlperm   .00060179   .00170801   .35233475
   L4.h_dlhpi   .14515997   .02153645   6.7401985
    L5.h_lfor   .00051937   .00175728   .29555535
   L5.h_dlemp  -.03250144   .04536496  -.71644361
 L5.h_dlsales   .00674597   .00221999   3.0387348
  L5.h_dlperm   .00153795   .00166231   .92519259
   L5.h_dlhpi   .01116559   .02344106    .4763262
    L6.h_lfor   .00111472   .00141462   .78799766
   L6.h_dlemp  -.08689346   .04162114  -2.0877239
 L6.h_dlsales   .00655504   .00224776   2.9162483
  L6.h_dlperm   .00127579   .00142633   .89445173
   L6.h_dlhpi  -.05447427     .020326  -2.6800295
    L7.h_lfor  -.00121512   .00142808  -.85087752
   L7.h_dlemp   .13221015   .04166779   3.1729579
 L7.h_dlsales   .00888124   .00214917   4.1324074
  L7.h_dlperm   .00060319   .00162799   .37051041
   L7.h_dlhpi  -.02674537   .02024616  -1.3210097
    L8.h_lfor   .00090489   .00138837    .6517667
   L8.h_dlemp  -.05569697   .04538639  -1.2271735
 L8.h_dlsales  -.00044866   .00228117  -.19668043
  L8.h_dlperm   .00262718   .00164519   1.5968848
   L8.h_dlhpi   .06930392   .01953836   3.5470692
    L9.h_lfor   .00413508   .00157285   2.6290317
   L9.h_dlemp    .0008493   .04128096   .02057365
 L9.h_dlsales   .00118065   .00207679   .56849942
  L9.h_dlperm  -.00029342   .00162503  -.18056071
   L9.h_dlhpi      .07322   .01927722   3.7982647
   L10.h_lfor  -.00060517   .00134229  -.45084475
  L10.h_dlemp  -.09758913   .04487141  -2.1748622
L10.h_dlsales   .00162273   .00204543   .79334155
 L10.h_dlperm   .00018582   .00161585   .11499598
  L10.h_dlhpi  -.02340499   .01811307  -1.2921603
   L11.h_lfor  -.00049463   .00151389  -.32672777
  L11.h_dlemp   .08095092   .04669866   1.7334741
L11.h_dlsales   .00018952   .00211146   .08975865
 L11.h_dlperm  -.00224661   .00157555  -1.4259275
  L11.h_dlhpi  -.04097662   .01817411  -2.2546707
   L12.h_lfor  -.00241224    .0011841  -2.0371964
  L12.h_dlemp    .0783662   .04253716   1.8422997
L12.h_dlsales   .00176116   .00185894   .94740101
 L12.h_dlperm   .00061732   .00143353   .43062592
  L12.h_dlhpi    .0082497   .01674467   .49267598
------------------------------------------------------------------------------
just identified - Hansen statistic is not calculated 
these are summary  of residuals:

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
    __00009I |      4551   -.0000654    .1338495  -1.612359   2.258988
    __00009L |      4602    .0001408    .0038721   -.063914   .0464095
    __00009O |      4602    .0076726    .0919066  -.9585383   .6122741
    __00009R |      4601    .0024541    .1594442  -2.923564   2.488722
    __00009U |      4602    .0003011    .0095864  -.0521787   .0767674
-------------+--------------------------------------------------------
        lfor |      6120   -.1832155    .7563009  -3.912023   2.598235
       dlemp |      6120     .003195    .0074502  -.0723462   .0675726
     dlsales |      5916    .0053343    .1111583  -.9608572   .8230836
      dlperm |      6116   -.0023875    .1828618  -3.146739   2.144224
       dlhpi |      5305    .0106824    .0161902  -.1045814   .1191192

symmetric uu[5,5]
               lfor       dlemp     dlsales      dlperm       dlhpi
   lfor   .01790834
  dlemp  -.00002081   .00001498
dlsales  -.00070925   .00002802   .00812671
 dlperm  -.00035353   .00010136   .00262493   .02516865
  dlhpi  -.00004769  -2.259e-06   .00004682   6.444e-06   .00009227
 
Residuals correlation matrix 

             |       u1       u2       u3       u4       u5
-------------+---------------------------------------------
          u1 |   1.0000 
             |
             |
          u2 |  -0.0407   1.0000 
             |   0.0060
             |
          u3 |  -0.0585   0.0868   1.0000 
             |   0.0001   0.0000
             |
          u4 |  -0.0167   0.1578   0.1770   1.0000 
             |   0.2615   0.0000   0.0000
             |
          u5 |  -0.0374  -0.0596   0.0562   0.0085   1.0000 
             |   0.0117   0.0001   0.0001   0.5646
             |
 
Variance-covariance matrix of residuals (u'u):

symmetric uu[5,5]
               lfor       dlemp     dlsales      dlperm       dlhpi
   lfor   .01790834
  dlemp  -.00002081   .00001498
dlsales  -.00070925   .00002802   .00812671
 dlperm  -.00035353   .00010136   .00262493   .02516865
  dlhpi  -.00004769  -2.259e-06   .00004682   6.444e-06   .00009227
 
Mean squared errors of regression (sqrt of diagonal elements of u'u)

rmse[1,5]
         lfor      dlemp    dlsales     dlperm      dlhpi
r1  .13382206  .00387079  .09014826  .15864632   .0096058
 
GMM finished : 18:42:57
 

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize        5000     max. RHS vars in models        191.154M
                                                            -----------
                                                             1,193.102M
Starting Monte-Carlo loop : 18:42:57 , total 200 repetitions requested
i=6, i=12, i=18, i=24, i=30, i=36, i=42, i=48, i=54, i=60, i=66, i=72, i=78, i=84, i=90, i=96, i=102
> , i=108, i=114, i=120, i=126, i=132, i=138, i=144, i=150, i=156, i=162, i=168, i=174, i=180, i=186
> , i=192, i=198, i=200, finished Monte-Carlo loop : 18:43:30 
Impulse-responses of variable in varname to the shock in column variable

  +------------------------------------------------------------------------+
  | varname    s   order      lfor     dlemp   dlsales    dlperm     dlhpi |
  |------------------------------------------------------------------------|
  |    lfor    0       1    0.1338    0.0000    0.0000    0.0000    0.0000 |
  |    lfor    1       1    0.0949   -0.0045   -0.0083   -0.0047   -0.0127 |
  |    lfor    2       1    0.0984   -0.0065   -0.0060   -0.0114   -0.0214 |
  |    lfor    3       1    0.1030   -0.0120   -0.0094   -0.0140   -0.0384 |
  |    lfor    4       1    0.1098   -0.0124   -0.0131   -0.0188   -0.0435 |
  |------------------------------------------------------------------------|
  |    lfor    5       1    0.1110   -0.0190   -0.0227   -0.0269   -0.0536 |
  |    lfor    6       1    0.1090   -0.0183   -0.0295   -0.0397   -0.0637 |
  |    lfor    7       1    0.1147   -0.0174   -0.0345   -0.0443   -0.0726 |
  |    lfor    8       1    0.1094   -0.0136   -0.0435   -0.0503   -0.0825 |
  |    lfor    9       1    0.0996   -0.0171   -0.0445   -0.0544   -0.0806 |
  |------------------------------------------------------------------------|
  |    lfor   10       1    0.0994   -0.0151   -0.0509   -0.0595   -0.0819 |
  |    lfor   11       1    0.0895   -0.0159   -0.0521   -0.0610   -0.0851 |
  |    lfor   12       1    0.0841   -0.0146   -0.0566   -0.0631   -0.0874 |
  |    lfor   13       1    0.0758   -0.0125   -0.0584   -0.0672   -0.0855 |
  |    lfor   14       1    0.0673   -0.0124   -0.0588   -0.0678   -0.0826 |
  |------------------------------------------------------------------------|
  |    lfor   15       1    0.0586   -0.0119   -0.0582   -0.0692   -0.0816 |
  |    lfor   16       1    0.0490   -0.0121   -0.0574   -0.0707   -0.0777 |
  |    lfor   17       1    0.0411   -0.0112   -0.0560   -0.0701   -0.0726 |
  |    lfor   18       1    0.0333   -0.0111   -0.0550   -0.0695   -0.0671 |
  |    lfor   19       1    0.0261   -0.0115   -0.0523   -0.0679   -0.0618 |
  |------------------------------------------------------------------------|
  |    lfor   20       1    0.0200   -0.0116   -0.0504   -0.0666   -0.0567 |
  |    lfor   21       1    0.0132   -0.0118   -0.0472   -0.0643   -0.0506 |
  |    lfor   22       1    0.0081   -0.0118   -0.0447   -0.0613   -0.0445 |
  |    lfor   23       1    0.0036   -0.0118   -0.0416   -0.0588   -0.0388 |
  |    lfor   24       1   -0.0002   -0.0120   -0.0385   -0.0561   -0.0334 |
  |------------------------------------------------------------------------|
  |   dlemp    0       2   -0.0002    0.0039    0.0000    0.0000    0.0000 |
  |   dlemp    1       2   -0.0000    0.0019    0.0003    0.0005    0.0001 |
  |   dlemp    2       2    0.0001    0.0017    0.0004    0.0005    0.0003 |
  |   dlemp    3       2    0.0001    0.0015    0.0004    0.0005    0.0006 |
  |   dlemp    4       2   -0.0001    0.0007    0.0006    0.0006    0.0004 |
  |------------------------------------------------------------------------|
  |   dlemp    5       2   -0.0001    0.0010    0.0008    0.0007    0.0002 |
  |   dlemp    6       2   -0.0002    0.0010    0.0009    0.0007    0.0004 |
  |   dlemp    7       2   -0.0003    0.0008    0.0011    0.0005    0.0006 |
  |   dlemp    8       2   -0.0002    0.0003    0.0010    0.0006    0.0006 |
  |   dlemp    9       2   -0.0002    0.0004    0.0009    0.0007    0.0006 |
  |------------------------------------------------------------------------|
  |   dlemp   10       2   -0.0001    0.0004    0.0007    0.0007    0.0007 |
  |   dlemp   11       2   -0.0000    0.0004    0.0007    0.0007    0.0006 |
  |   dlemp   12       2    0.0000    0.0003    0.0006    0.0006    0.0006 |
  |   dlemp   13       2    0.0001    0.0002    0.0006    0.0006    0.0005 |
  |   dlemp   14       2    0.0001    0.0001    0.0005    0.0006    0.0004 |
  |------------------------------------------------------------------------|
  |   dlemp   15       2    0.0002    0.0000    0.0005    0.0006    0.0003 |
  |   dlemp   16       2    0.0002    0.0002    0.0004    0.0006    0.0003 |
  |   dlemp   17       2    0.0003    0.0001    0.0004    0.0005    0.0002 |
  |   dlemp   18       2    0.0003    0.0001    0.0003    0.0004    0.0002 |
  |   dlemp   19       2    0.0003    0.0000    0.0003    0.0004    0.0001 |
  |------------------------------------------------------------------------|
  |   dlemp   20       2    0.0003    0.0000    0.0002    0.0004    0.0001 |
  |   dlemp   21       2    0.0003    0.0001    0.0002    0.0003   -0.0000 |
  |   dlemp   22       2    0.0003    0.0001    0.0001    0.0003   -0.0001 |
  |   dlemp   23       2    0.0003    0.0001    0.0001    0.0002   -0.0001 |
  |   dlemp   24       2    0.0003    0.0001    0.0001    0.0002   -0.0001 |
  |------------------------------------------------------------------------|
  | dlsales    0       3   -0.0053    0.0070    0.0897    0.0000    0.0000 |
  | dlsales    1       3    0.0006    0.0006   -0.0161    0.0117    0.0117 |
  | dlsales    2       3    0.0041    0.0004    0.0019    0.0005    0.0044 |
  | dlsales    3       3   -0.0001   -0.0085   -0.0044    0.0006    0.0045 |
  | dlsales    4       3    0.0007   -0.0034    0.0099   -0.0067    0.0021 |
  |------------------------------------------------------------------------|
  | dlsales    5       3    0.0003   -0.0001   -0.0019    0.0040   -0.0022 |
  | dlsales    6       3    0.0017   -0.0002    0.0099    0.0027    0.0010 |
  | dlsales    7       3    0.0028   -0.0009   -0.0043   -0.0013    0.0097 |
  | dlsales    8       3    0.0074   -0.0010    0.0006   -0.0018   -0.0046 |
  | dlsales    9       3    0.0052    0.0000   -0.0043    0.0034   -0.0021 |
  |------------------------------------------------------------------------|
  | dlsales   10       3    0.0058   -0.0042    0.0058   -0.0032    0.0031 |
  | dlsales   11       3    0.0046    0.0016   -0.0035    0.0028   -0.0006 |
  | dlsales   12       3    0.0013    0.0020    0.0014   -0.0020   -0.0021 |
  | dlsales   13       3    0.0028   -0.0007   -0.0019   -0.0007   -0.0014 |
  | dlsales   14       3    0.0029    0.0010    0.0007   -0.0033   -0.0018 |
  |------------------------------------------------------------------------|
  | dlsales   15       3    0.0022    0.0002   -0.0025   -0.0003   -0.0003 |
  | dlsales   16       3    0.0018    0.0002    0.0011   -0.0017   -0.0013 |
  | dlsales   17       3    0.0011    0.0010   -0.0015   -0.0001   -0.0017 |
  | dlsales   18       3    0.0007    0.0018    0.0000   -0.0022   -0.0011 |
  | dlsales   19       3    0.0003    0.0005   -0.0007   -0.0006    0.0004 |
  |------------------------------------------------------------------------|
  | dlsales   20       3    0.0005   -0.0002    0.0005   -0.0009   -0.0003 |
  | dlsales   21       3    0.0002    0.0007   -0.0010   -0.0001   -0.0003 |
  | dlsales   22       3   -0.0005    0.0008    0.0007   -0.0006   -0.0001 |
  | dlsales   23       3   -0.0004    0.0008   -0.0002   -0.0002    0.0005 |
  | dlsales   24       3   -0.0004    0.0004    0.0006   -0.0013    0.0007 |
  |------------------------------------------------------------------------|
  |  dlperm    0       4   -0.0026    0.0261    0.0271    0.1541    0.0000 |
  |  dlperm    1       4    0.0006   -0.0059    0.0107   -0.0555    0.0157 |
  |  dlperm    2       4   -0.0018    0.0044    0.0038   -0.0023    0.0154 |
  |  dlperm    3       4   -0.0055   -0.0090    0.0082    0.0166    0.0012 |
  |  dlperm    4       4   -0.0025   -0.0175    0.0035   -0.0151    0.0037 |
  |------------------------------------------------------------------------|
  |  dlperm    5       4   -0.0012    0.0062    0.0046    0.0259    0.0001 |
  |  dlperm    6       4   -0.0055    0.0013    0.0117    0.0141    0.0045 |
  |  dlperm    7       4   -0.0007   -0.0016    0.0068   -0.0156    0.0093 |
  |  dlperm    8       4    0.0061   -0.0019   -0.0011    0.0051    0.0001 |
  |  dlperm    9       4    0.0026   -0.0049   -0.0062    0.0099   -0.0004 |
  |------------------------------------------------------------------------|
  |  dlperm   10       4    0.0019   -0.0003    0.0010    0.0207    0.0021 |
  |  dlperm   11       4    0.0042    0.0043    0.0006    0.0183   -0.0047 |
  |  dlperm   12       4    0.0023    0.0053    0.0007   -0.0018    0.0003 |
  |  dlperm   13       4    0.0024   -0.0035    0.0055   -0.0122    0.0003 |
  |  dlperm   14       4    0.0025   -0.0032   -0.0024    0.0055   -0.0040 |
  |------------------------------------------------------------------------|
  |  dlperm   15       4    0.0027   -0.0011   -0.0022    0.0066   -0.0039 |
  |  dlperm   16       4    0.0016    0.0015    0.0012    0.0064   -0.0039 |
  |  dlperm   17       4    0.0009    0.0035    0.0010    0.0018   -0.0028 |
  |  dlperm   18       4    0.0013    0.0005   -0.0004   -0.0061   -0.0018 |
  |  dlperm   19       4    0.0011   -0.0012   -0.0019   -0.0004   -0.0036 |
  |------------------------------------------------------------------------|
  |  dlperm   20       4    0.0003   -0.0009   -0.0035    0.0077   -0.0043 |
  |  dlperm   21       4    0.0001    0.0020   -0.0021    0.0062   -0.0042 |
  |  dlperm   22       4   -0.0003    0.0032   -0.0003    0.0027   -0.0031 |
  |  dlperm   23       4   -0.0004    0.0007    0.0001   -0.0036   -0.0023 |
  |  dlperm   24       4   -0.0007   -0.0011   -0.0011   -0.0033   -0.0025 |
  |------------------------------------------------------------------------|
  |   dlhpi    0       5   -0.0004   -0.0006    0.0005    0.0000    0.0096 |
  |   dlhpi    1       5   -0.0007   -0.0001    0.0007    0.0004    0.0033 |
  |   dlhpi    2       5   -0.0005    0.0002    0.0012    0.0006    0.0022 |
  |   dlhpi    3       5   -0.0005    0.0001    0.0011    0.0003    0.0038 |
  |   dlhpi    4       5   -0.0004    0.0005    0.0011    0.0005    0.0041 |
  |------------------------------------------------------------------------|
  |   dlhpi    5       5   -0.0004    0.0004    0.0016    0.0008    0.0032 |
  |   dlhpi    6       5   -0.0002    0.0001    0.0018    0.0008    0.0026 |
  |   dlhpi    7       5   -0.0003    0.0008    0.0022    0.0008    0.0027 |
  |   dlhpi    8       5   -0.0001    0.0004    0.0017    0.0013    0.0035 |
  |   dlhpi    9       5    0.0006    0.0002    0.0019    0.0007    0.0036 |
  |------------------------------------------------------------------------|
  |   dlhpi   10       5    0.0007   -0.0000    0.0019    0.0009    0.0026 |
  |   dlhpi   11       5    0.0008    0.0002    0.0018    0.0006    0.0022 |
  |   dlhpi   12       5    0.0008    0.0004    0.0018    0.0010    0.0026 |
  |   dlhpi   13       5    0.0011    0.0003    0.0017    0.0010    0.0024 |
  |   dlhpi   14       5    0.0013    0.0004    0.0015    0.0007    0.0019 |
  |------------------------------------------------------------------------|
  |   dlhpi   15       5    0.0014    0.0003    0.0015    0.0006    0.0016 |
  |   dlhpi   16       5    0.0015    0.0003    0.0013    0.0007    0.0015 |
  |   dlhpi   17       5    0.0016    0.0004    0.0011    0.0006    0.0015 |
  |   dlhpi   18       5    0.0017    0.0004    0.0011    0.0006    0.0011 |
  |   dlhpi   19       5    0.0017    0.0003    0.0011    0.0004    0.0009 |
  |------------------------------------------------------------------------|
  |   dlhpi   20       5    0.0017    0.0003    0.0009    0.0003    0.0008 |
  |   dlhpi   21       5    0.0017    0.0004    0.0008    0.0003    0.0007 |
  |   dlhpi   22       5    0.0016    0.0003    0.0007    0.0002    0.0006 |
  |   dlhpi   23       5    0.0016    0.0004    0.0006    0.0002    0.0004 |
  |   dlhpi   24       5    0.0015    0.0004    0.0006    0.0001    0.0003 |
  +------------------------------------------------------------------------+
s=4,8,12,16,20,24,
** variance-decompositions: percent of variation in the row variable explained by column variable

D[30,6]
                 s       lfor      dlemp    dlsales     dlperm      dlhpi
   lfor          4  .94325999  .00414199  .00387131  .00694689  .04177982
  dlemp          4  .00140905  .93595916  .01586986  .03011301  .01664892
dlsales          4  .00509036  .01391675  .94530645  .01569568  .01999076
 dlperm          4  .00136852  .02775239  .03160554  .92272798  .01654557
  dlhpi          4  .00854531  .00345504  .02734631    .004647  .95600634
   lfor          8  .79154998  .01113464  .02408383  .04066617  .13256539
  dlemp          8  .00456919  .79132878  .10285676  .06921276  .03203251
dlsales          8  .00611486  .01467095  .92623642  .02267288  .03030489
 dlperm          8  .00251616  .03701445  .03642893   .9047453  .01929516
  dlhpi          8  .00825311  .00852413  .08347768  .01503943  .88470566
   lfor         12  .64347998  .01093691  .05719116  .08355419  .20483777
  dlemp         12   .0059378  .67298605  .15433319   .1037275  .06301547
dlsales         12  .02029812  .01644075  .90468413  .02542384  .03315316
 dlperm         12  .00444735  .03722927  .03647841  .90236163  .01948335
  dlhpi         12  .01270327  .00736349  .12107243  .02603375  .83282706
   lfor         16  .53614583   .0101839  .08723121  .12140072  .24503834
  dlemp         16   .0069267  .61808134  .17003613  .12808571  .07687013
dlsales         16  .02259536   .0168971   .8996465  .02689832  .03396272
 dlperm         16  .00514359  .03837817  .03730617  .89894615  .02022592
  dlhpi         16  .03159734   .0081157  .14253424  .03250354  .78524918
   lfor         20  .46490607  .01001931  .10766405  .15663862  .26077195
  dlemp         20  .01344093   .5929307  .17450815  .14168948  .07743074
dlsales         20  .02303691  .01732692  .89749841  .02768915   .0344486
 dlperm         20  .00530613  .03869165  .03732204  .89737696  .02130322
  dlhpi         20  .06419132  .00914267  .14860206  .03440239  .74366156
   lfor         24  .42470494  .01055209  .11998926  .18346832  .26128539
  dlemp         24  .02045156  .58239934  .17336699  .14757285  .07620925
dlsales         24  .02309423   .0175096  .89710797  .02781273  .03447547
 dlperm         24  .00528623  .03892681  .03759581  .89547355   .0227176
  dlhpi         24  .09492721  .01031044  .14906335  .03350712  .71219188

. 
. log close
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Orderings_Appendix.v5.txt
  log type:  text
 closed on:   8 May 2011, 18:43:30
----------------------------------------------------------------------------------------------------
