What version of Premiere Elements and on what computer operating system is it running?
If Premiere Elements 13/13.1, please be advised that the DV data and HDV data capture firewire have been removed from this current version.
The following Adobe document suggests workarounds for this situation
Some alternative programs for the capture firewire...
HDVSplit HDVSplit 0.77 beta
Please review and consider. Any questions or need clarification, please do not hesitate to ask.