Now I understood that because log(y(t-1)) is on the right side, delta (log(y)) on the left becomes log(y).
Best regards,
Tetsuya
Search found 3 matches
- Wed Jan 29, 2025 5:40 pm
- Forum: Econometric Discussions
- Topic: Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
- Replies: 1
- Views: 75365
- Mon Jan 27, 2025 1:56 am
- Forum: Econometric Discussions
- Topic: How to explain the impacts as shown by the coefficients of beta+ and beta- in NARDL models?
- Replies: 0
- Views: 104619
How to explain the impacts as shown by the coefficients of beta+ and beta- in NARDL models?
Dear everyone, I am not sure about the interpretation of those coefficients of beta+ and beta- of x+ and x- in NARDL models. I found there are different interpretations in youtube videos. A -0.2 of beta- for log-log NARDl model implies that, if x- decreases 1%, y increases 0.2%. Am I right? Could an...
- Mon Jan 27, 2025 1:30 am
- Forum: Econometric Discussions
- Topic: Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
- Replies: 1
- Views: 75365
Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
Dear everyone,
I am using Eviews 14 to estimate an NARDL model by using log-log form. In the results of CEC model or ECM, the dependent variable is log(y), but not delta log(y). Please tell me why. Thanks a lot.
Best regards,
Tetsuya
I am using Eviews 14 to estimate an NARDL model by using log-log form. In the results of CEC model or ECM, the dependent variable is log(y), but not delta log(y). Please tell me why. Thanks a lot.
Best regards,
Tetsuya