BVAR marginal likelihood

[tinka]

In a previous post in the forum it was mentioned that Eviews does not provide the marginal (log) likelihood for BVAR estimations (I use Eviews 8 ). However, when I use the Sims-Zha prior, a marginal log-likelihood is given in the estimation output (which however has the value 0 no matter how I formulate the model).

Can you tell me if this marginal log likelihood calculated by Eviews has any informative value and why it is not given using other priors?

Thank you in advance.

[EViews Gareth]

What's the build date of your copy of 8?

[tinka]

The build date is Dec 4 2013.

[EViews Gareth]

Please update

[tinka]

I updated to Eviews 8.1 build Sep 8 2015 but the problem persits. Do which version do I have to update?

[EViews Gareth]

Ah, sorry, I thought we had made a fix in EViews 8, but it looks like it is in 9 only. You could download the demo copy of 9 and estimate there to obtain the marginal LL.

http://www.eviews.com/demo

[apple564]

Hi,
I have Eviews 9 but I couldn't see the marginal likelihood anywhere. My version build date is 17/10/2016. Can you please guide me where I can find the marginal likelihood for bayesian estimation?

[EViews Gareth]

It isn't shown for the Litterman prior.