They have positive sign. So it's "+0.412459" and "+0.7035123".
(-1) means the lag, not the sign!
The second has got a good elasticity, it's near 1, value of perfect transmission. When sales change by 1%, income variation is of +0,7%. Remember that the prices have to be logged.
bye
Search found 2 matches
- Fri Feb 19, 2010 2:13 pm
- Forum: Econometric Discussions
- Topic: URGENT help needed - how to interpret johansen results?
- Replies: 2
- Views: 5436
- Tue Feb 16, 2010 5:08 am
- Forum: Econometric Discussions
- Topic: Unit root test ADF
- Replies: 11
- Views: 41096
Re: Unit root test ADF
"Pfaff, Analysis of Integrated and Cointegrated time series (with R) - 2008"
can help you on this topic. There is a great testing framework about ADF testing procedure.
can help you on this topic. There is a great testing framework about ADF testing procedure.