EViews.com

Posted: **Fri Jun 13, 2014 2:06 am**

Dear Experts,

I am new to both Eviews 8 and DOLS so accept my apologies if the question is ridiculous. I have yearly panel data for 16 years and 21 countries. Nature of the variables is such that it seems necessary to use dynamic model with more than one lag. For this reason I tested for cointegration and then applied DOLS. Problem is that no matter how many lags I define for DOLS, Eviews 8 gives me coefficient only for level of the variable. Are coefficients of lags suppressed in DOLS by definition or is there a way to see those lags and their coefficients in estimation window?

Thanks alot

Ali

Posted: **Fri Jun 13, 2014 9:34 am**

The short-run dynamics are removed prior to the long-run estimation. From the manual

While EViews does not display the coefficients for the short-run dynamics, the short-run coefficients are used in constructing the fit statistics in the bottom portion of the results view (we again urge caution in using these measures). The short-run dynamics are also used in computing the residuals used by various equation views and procs such as the residual plot or the gradient view.
The short-run coefficients are not included in the representations view of the equation, which focuses only on the estimates for Equation (26.1). Furthermore, forecasting and model solution using an equation estimated by DOLS are also based on the long-run relationship. If you wish to construct forecasts that incorporate the short-run dynamics, you may use least squares to estimate an equation that explicitly includes the lags and leads of the cointegrating regressors.

Posted: **Fri Jun 13, 2014 11:18 am**

Thanks alot for the prompt reply. I shouldve read the manual first before asking the question.. thanks alot.

EViews.com

Eview 8. DOLS, no coefficients for lags

Eview 8. DOLS, no coefficients for lags

Re: Eview 8. DOLS, no coefficients for lags

Re: Eview 8. DOLS, no coefficients for lags