Simple question on the eviews estimation method for VECMs

[carbovins]

Hello,

I just want to know what is the estimation method used by eviews to estimate a vecm? Ols? Maximum Likelihood?
I can't find the answer in the users' guide.
Thank you.

Vincent

[EViews Gareth]

ML is used to estimate the cointegrating vectors. I believe the method is outlined in the Johansen papers/books in the User Guide references.

[carbovins]

ML is used for cointegration equation, but what is the method for the VAR part of the VECM? In the Johansen (1991) paper, ML is used in both cases, but I'm not that it is the case in Eviews. Can you hlep me please?

[EViews Gareth]

The other coefficients are estimated by the "two stage estimation" procedure outlined on page 301 of Lutkepohl 2005 - New Introduction to Multiple Time Series Analysis.

[carbovins]

two stage ols?