This gave a slightly better interpretation of the bounds test. Is changing the Lag to automatic selection in ARDL a good other option? I had it now on 2 2, but changed it to 2 1 Do I interprete the long term levels equation and use the Error correction form? However looking at the ECT, means looking at the error correction form. Way of establishing cointegration is testing significant negative lagged error-correction term (Kremers et al.ฤก992 Bahmani-Oskooee, 2001 Iwata et al. If the calculated F statistics falls between the lower and upper bounds, it is inclusive. However a paper I found says the following: What do I then do? Cruncheconometrix says to estimate the short term ARDL model. When the F-value lies between the I(0) and I(1) value, the bounds test is inconclusive along Cruncheconometrix, I know referring to a youtuber is strange for a researcher, but in literature it is quite hard to find practical user guide for such tests. I have a question concerning the bounds test. Estimation ARDL/ECM long term relationship
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