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- Tue Jan 15, 2013 8:47 am
- Forum: Econometric Discussions
- Topic: VEC interpretation
- Replies: 1
- Views: 3495
VEC interpretation
Hello, I have the following money demand model as a VAr cash_SA gdp_SA savings_rate ATM_growth When I run the VEC, I get these results. However, shouldn´t all this coefficientes be negative in order to intepret them as error correction terms? CointEq1 -0.011958 0.000962 -3.02E-06 2.99E-06 (0.00605) ...