(VECM) Exogenous variables is cointegrating relationship?
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(VECM) Exogenous variables is cointegrating relationship?
In E-Views, we can specify exogenous variables that appear in the main VECM equation, but how can we make exogenous variables appear in the cointegrating relationship (that don't get included into the differenced part of the VECM)?
Re: (VECM) Exogenous variables is cointegrating relationship
I don't get your question. please explain more.
Re: (VECM) Exogenous variables is cointegrating relationship
I want variables to appear in the error correction term but not elsewhere. For example,


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