ARDL Cointegration

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ramzan
Posts: 21
Joined: Sat Oct 30, 2010 9:34 am

ARDL Cointegration

Postby ramzan » Sat Oct 30, 2010 9:48 am

is it necessary in ARDL cointegartion that dependent variable should by I(1).

NickyJay
Posts: 2
Joined: Mon Aug 30, 2010 4:21 pm

Re: ARDL Cointegration

Postby NickyJay » Sat Oct 30, 2010 5:22 pm

The ARDL 'bounds testing' procedure for cointegration holds irrespective of the order of integration of dependent or independent variables. This requires however that the test statistic obtained from the ARDL procedure exceeds the upper bound of the critical value given in the tables by Pesaran et al. If the test statistic falls within the upper and lower bounds of the critical value then no conclusive decision can be reached and you have to test each variable to establish whether they are I(0) or I(1).

ramzan
Posts: 21
Joined: Sat Oct 30, 2010 9:34 am

Re: ARDL Cointegration

Postby ramzan » Mon Nov 01, 2010 5:55 am

IS ARDL cointegration can be applied in Eviews. or can any one suggest me the manual to apply the ARDl in Eviews
thanks


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