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Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 4:28 pm
by velasquez
I am trying to estimate a VAR model with long run restrictions for a three variable system using the attached program - IV method. I am finding problem estimating the TSLS second equation. The error message reflected is
Order condition violated : insufficient number of instruments.
I am not sure what I am missing. Can anyone help please.
Thanks
Re: Problems estimating long run VAR - IV method-Urgent
Posted: Fri Feb 24, 2017 5:02 pm
by velasquez
Whys does eviews crash everytime I run the program. What do I do about it?
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 5:19 pm
by startz
Is your copy of EViews uptodate?
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 6:08 pm
by EViews Gareth
In answer to your first question - the error is somewhat self explanatory. You don't have enough instruments.
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 6:45 pm
by velasquez
What do you mean by eviews up to date. I am using eviews 6.
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 6:46 pm
by velasquez
In answer to your first question - the error is somewhat self explanatory. You don't have enough instruments.
Interesting Answer! You opened my eyes by quoting from my own post. Wow!
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 6:47 pm
by velasquez
Is your copy of EViews uptodate?
What do you mean by eviews up to date. I am using eviews 6.
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 7:45 pm
by EViews Gareth
In answer to your first question - the error is somewhat self explanatory. You don't have enough instruments.
Interesting Answer! You opened my eyes by quoting from my own post. Wow!
Sorry, I'll be more explicit. You need to add more instruments.
Re: Problems estimating long run VAR - IV method
Posted: Fri Feb 24, 2017 7:49 pm
by EViews Gareth
Is your copy of EViews uptodate?
What do you mean by eviews up to date. I am using eviews 6.
EViews 6 is probably too old for anyone to help you. Its 10 years out of date, I think.
Re: Problems estimating long run VAR - IV method
Posted: Sat Feb 25, 2017 12:34 am
by velasquez
Is your copy of EViews uptodate?
What do you mean by eviews up to date. I am using eviews 6.
EViews 6 is probably too old for anyone to help you. Its 10 years out of date, I think.
Its not about Eviews 6, its about econometrics which you............
Re: Problems estimating long run VAR - IV method
Posted: Sat Feb 25, 2017 9:47 am
by startz
You asked two questions. Gareth answered the econometrics question. The question about a crash is a software question. That was also answered