I have estimated a VECM model in EViews and using the Johansen test I obtained that there were cointegration vectors. The output for the short-run equation of VECM contains two error correction terms and I was just wondering what is the speed of adjustment when you have two error correction terms in the equation?.
How would I interpret these results? Please find my EViews output below. Thank you so much for your time!
I have estimated a VECM model in EViews and using Johansen test I obtained that there were cointegration vectors. The output for short-run equation of VECM contains two error correction terms and I was just wondering what is the speed of adjustment when you have two error correction terms in the equation? How would I interpret these results? Please find my EViews output below. Thank you so much for your time!
I have estimated a VECM model in EViews and using the Johansen test I obtained that there were cointegration vectors. The output for the short-run equation of VECM contains two error correction terms and I was just wondering what is the speed of adjustment when you have two error correction terms in the equation.
How would I interpret these results? Please find my EViews output below.
I have estimated a VECM model in EViews and using Johansen test I obtained that there were cointegration vectors. The output for short-run equation of VECM contains two error correction terms and I was just wondering what is the speed of adjustment when you have two error correction terms in the equation? How would I interpret these results? Please find my EViews output below. Thank you so much for your time!
