Error Correction VECM

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JMar
Posts: 4
Joined: Tue Nov 29, 2016 7:26 am

Error Correction VECM

Postby JMar » Tue Nov 29, 2016 8:20 am

Hi,

I have this Table and I need to explain the numerical values, and interpret them.
Is there an error correction mechanism?
https://imgur.com/a/f95Oo

And I don't know how to interpret these values.

Before that I had a

VAR Residual Serial Correlation LM Tests https://imgur.com/a/fqWHy, I concluded that there was no serial correlation (because the p-value are >5% for every lag except for lag = 3). Am I right?

A Trace Test https://imgur.com/a/VPLQr
We can reject the null hypothesis "None", and so that there's one cointegrated equation because the p-value > 0.05 (at most 1) so we can't reject the null hypothesis. Am I right?

Thanks in advance (and sorry for my english)

jmagomez
Posts: 68
Joined: Wed Aug 08, 2012 10:24 am

Re: Error Correction VECM

Postby jmagomez » Mon Dec 05, 2016 12:25 pm

Dear JMar,

Could you send me these images at the reply.

The link is not working.

Regards.

JMar
Posts: 4
Joined: Tue Nov 29, 2016 7:26 am

Re: Error Correction VECM

Postby JMar » Tue Dec 06, 2016 8:21 am

Thank you for your reply,

I've attached the images to the post.

Thanks again.
Attachments
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1.png (41.38 KiB) Viewed 1691 times
2.png
2.png (76.49 KiB) Viewed 1691 times
3.png
3.png (81.36 KiB) Viewed 1691 times

jmagomez
Posts: 68
Joined: Wed Aug 08, 2012 10:24 am

Re: Error Correction VECM

Postby jmagomez » Thu Dec 08, 2016 12:33 pm

Dear JMar,

First:

The parameter values of the independent variables are positive (the true values are the inverse of what it is shown). All these variables have a positive relation with dependent variable.

Second:

Could you make EigenValue Test?

Regards.

JMar
Posts: 4
Joined: Tue Nov 29, 2016 7:26 am

Re: Error Correction VECM

Postby JMar » Sun Jan 08, 2017 8:16 am

Thank you very much for your answer jmagomez.


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