PMG estimator
Posted: 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
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