data( "Kmenta" )
demand <- consump ~ price + income
supply <- consump ~ price + farmPrice + trend
inst <- ~ income + farmPrice + trend
labels <- list( "demand", "supply" )
system <- list( demand, supply )
## perform OLS on each of the equations in the system
fitols <- systemfit( "OLS", system, labels, data = Kmenta )
## results of the whole system
summary( fitols )
## results of the first equation
summary( fitols$eq[[1]] )
## results of the second equation
summary( fitols$eq[[2]] )
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