ARDL Bounds Testing With 0 lag?
Posted: Fri Aug 22, 2014 6:57 am
Hi! I'm doing a cointegration test using ARDL Bounds Testing approach. I'd tried to choose the optimal lag length using the lag criterion in Eviews and it suggested 0 lag.
Does this make sense for an ARDL model?
And when I proceed with the no lagged first difference variables model I found significant for my long-run coefficients using Wald Test. Can this result be sensible?
Many thanks,
Andrea
Does this make sense for an ARDL model?
And when I proceed with the no lagged first difference variables model I found significant for my long-run coefficients using Wald Test. Can this result be sensible?
Many thanks,
Andrea