Why are VEC long-run (beta) coefficients lagged by one?

For econometric discussions not necessarily related to EViews.

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lars.ahnland
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Joined: Wed Sep 25, 2019 5:18 am

Why are VEC long-run (beta) coefficients lagged by one?

Postby lars.ahnland » Fri Jan 10, 2020 1:48 am

Why are VEC long-run (beta) coefficients lagged by one in Eviews? In other programs, such as Stata and Gretl, they are not lagged.

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