I want to use panel vecm but as I know there is no stata code to do that directly. Because I know pvar code, I'm trying to use pvar code to perform panel vecm.
Now, I'm wondering if I put raw variables as "exogenous variable" by using option ex, then do you think it can be seen as panel vecm analysis?
example (lnrhp and gnm are I(1) process)
Code:
pvar dlnrhp dgnm, ex(lnrhp gnm)
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