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The most likely cause is just as the error message states - the particular DPD structure you've chosen has led to a specification where there are more instruments than observations, thus the calculation cannot be performed. thanks for your response; I was afraid that it is related to my software (e...

Dear all, I'm currently trying to do a GMM/DPD estimation on panel data with 3 variables; 450 observations & 1 lag I received an error message from eviews: "number of instruments greater than number of observation" I think however that the number of observations is high enough to do th...

Dear all, I'm currently trying to do a GMM/DPD estimation on panel data with 3 variables; 450 observations & 1 lag I received an error message from eviews: " number of instruments greater than number of observation " I think however that the number of observations is high enough to do ...

hi, i thik the simple way to interpret yours results is to compare the probability values to 5%, beyond 5%, you accept the hypothesis H0:not granger causality; in your case, your 1rst result DL_K1M_1 does not Granger Cause CV, the p-value is 0.8127 (81%), so higher than 5%, you msut accept the H0 an...

Hi! I am currently conducting johansen tests for energy prices, energy consumption (total energy, electricy and oil) , gdp over 28 i determine the lag lenth trhough var lag order criteria (below eviexs output), after that, I obtained the following johansen cointegration results. The Max-eigenvalue t...