Methodology for Thesis ,Please Help
Posted: Mon Mar 24, 2014 3:39 am
Dear Sir,
i am new user to Eviews, i have Eviews 7.and my Supervisor Suggested to work on my Thesis Data.
i want to test multi county (South Asian) data,
Variables are real GDP, Renewable energy consumption , Gross capital and labor
methodology involves the following four steps
Step 1: Testing for the Order of Integration.
Panel unit root used (e.g. Maddala and Wu 1999),
Step 2: Testing for possible Cointegration.
Pedroni test for cointegration used among variables.
Step 3: Estimating long run parameters (If Cointegration is found in Step 2).
Long Parameters using DOLS method.
Step 4: Examining the causal direction
a panel vector error correction model Pesaran et al. (1999) will be estimated. The Engle-Granger (1987) two-step procedure will be used.
Kindly Help me in this regard.
i shall be very Thankful.
Regard
i am new user to Eviews, i have Eviews 7.and my Supervisor Suggested to work on my Thesis Data.
i want to test multi county (South Asian) data,
Variables are real GDP, Renewable energy consumption , Gross capital and labor
methodology involves the following four steps
Step 1: Testing for the Order of Integration.
Panel unit root used (e.g. Maddala and Wu 1999),
Step 2: Testing for possible Cointegration.
Pedroni test for cointegration used among variables.
Step 3: Estimating long run parameters (If Cointegration is found in Step 2).
Long Parameters using DOLS method.
Step 4: Examining the causal direction
a panel vector error correction model Pesaran et al. (1999) will be estimated. The Engle-Granger (1987) two-step procedure will be used.
Kindly Help me in this regard.
i shall be very Thankful.
Regard