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- Tue Feb 21, 2017 4:55 am
- Forum: Econometric Discussions
- Topic: Panel VECM Heteroskedasticity and Non-Normality
- Replies: 0
- Views: 5320
Panel VECM Heteroskedasticity and Non-Normality
Hi, I am testing the causal relationship between financial development and economic growth within a VAR/VECM framework. I have 4 endogenous variables: GDP, 2 financial development indicators and a control. My panel consists of 84 countries between 1975 - 2014. My procedure is as follows: 1) Unit Roo...