Cointegrating equation in VECM
Posted: 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!
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!