PMG estimator

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seires1
Posts: 3
Joined: Tue Oct 06, 2009 11:46 am

PMG estimator

Postby seires1 » Mon Dec 14, 2009 1:28 pm

Hello everyone,

I am researching the finance-growth nexus and am currently working with the PMG estimator.
However, could someone explaine to me, please!, how i can get the following equation working in Eviews6 ??:

The error correction equations yield:
Δyit = φ(yi,t − θ0i − θ1iFi,t − θ2iXi,t) − ζ1iΔFi,t − ζ2iXi,t + u3i,t

The above one is based on the following ARDL equation:
ΔFit = φ(Fi,t − θ0i − θ1iyi,t − θ2iXi,t) − ζ/ 1iΔyi,t − ζ/2iXi,t + u4i,t

Kind regards

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