## Error Correction VECM

For econometric discussions not necessarily related to EViews.

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

### Error Correction VECM

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.

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

Dear JMar,

Could you send me these images at the reply.

Regards.

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

### Re: Error Correction VECM

I've attached the images to the post.

Thanks again.
Attachments
1.png (41.38 KiB) Viewed 2594 times
2.png (76.49 KiB) Viewed 2594 times
3.png (81.36 KiB) Viewed 2594 times

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

### Re: Error Correction VECM

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