Hi all,
I am currently working on a panel error correction model (PVECM), and trying to perform IRF and FEVD based on panel VECM. The stata command pvar can only do IRF for panel VAR models.
I wonder if there is any command in stata to estimate IRF and FEVD based on panel VECM?
Could anyone kindly suggest a user-friendly software to estimate PVECM, impulse response function (IRF) and forecast error variance decomposition (FEVD) based on PVECM?
What commands can I use in those softwares?
Is there any helpful literature or website?
Thanks for all your help!
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