Cointegrating equation in VECM

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Moon
Posts: 1
Joined: Wed May 12, 2010 9:40 pm
Location: Taiwan

Cointegrating equation in VECM

Postby Moon » Wed May 12, 2010 11:05 pm

Dear,
My thesis employs Johansen Cointegration test (use Eview 6). Regarding the result that there are 5 cointegrating equations, I employ VECM to determine the long-run and short-run relationship. However, I don't know hoe to interpret the COEFFCIENTS. There are many equaitons.
What is the critical values in VECM?

Please help me.
Thank you!

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