Toda Yamamoto test..wald test
Posted: Sun Jun 14, 2015 1:13 pm
i have 2 variables inflation and trade openness(OT) in log form and I(1). i need to check casuality between the 2 with toda and yamamoto test and 3 lags ..kindly guide how to do this in eviews..i write the following equation in estimate equation window :
lninf c lninf(-1) lnot1(-1) lninf(-2) lnot1(-2) lninf(-3) lnot1(-3) which shows following results:
Estimation Equation:
=====================
LNINF = C(1) + C(2)*LNINF(-1) + C(3)*LNOT1(-1) + C(4)*LNINF(-2) + C(5)*LNOT1(-2) + C(6)*LNINF(-3) + C(7)*LNOT1(-3)
then i check for cofefficent rstriction from view menu and write c(1)=c(2)=c(3)=c(4)=c(5)=c(6)=c(7)=0 and get following chi square results
value(prob.) = 12733.14 (0.0000)with 7 d.f..
i get this type of result for all the equations i have .. o prob and d.f comes to be equal to numer of c()
..kindly guide is it the right ans if not plz suggest the right way.
thanks
lninf c lninf(-1) lnot1(-1) lninf(-2) lnot1(-2) lninf(-3) lnot1(-3) which shows following results:
Estimation Equation:
=====================
LNINF = C(1) + C(2)*LNINF(-1) + C(3)*LNOT1(-1) + C(4)*LNINF(-2) + C(5)*LNOT1(-2) + C(6)*LNINF(-3) + C(7)*LNOT1(-3)
then i check for cofefficent rstriction from view menu and write c(1)=c(2)=c(3)=c(4)=c(5)=c(6)=c(7)=0 and get following chi square results
value(prob.) = 12733.14 (0.0000)with 7 d.f..
i get this type of result for all the equations i have .. o prob and d.f comes to be equal to numer of c()
..kindly guide is it the right ans if not plz suggest the right way.
thanks