Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
Posted: Mon Jan 27, 2025 1:30 am
Dear everyone,
I am using Eviews 14 to estimate an NARDL model by using log-log form. In the results of CEC model or ECM, the dependent variable is log(y), but not delta log(y). Please tell me why. Thanks a lot.
Best regards,
Tetsuya
I am using Eviews 14 to estimate an NARDL model by using log-log form. In the results of CEC model or ECM, the dependent variable is log(y), but not delta log(y). Please tell me why. Thanks a lot.
Best regards,
Tetsuya