I am trying to fit the following short-run equation using ARDL, following in a higly simplified form:
And a long-run equation:
X = a1Y + a2Z + a3W
To get any results of significance, I have to use a "aic ec1" ARDL command:
X = a4 + a5Y + a6Z + a7W
ardl logesgbr loggdpgbr logrergbr logvolgbr , aic ec1 btestI do get some significant results with this, but I am questioning the type of lags STATA suggests:
- What are lags such as "LD, L2D, D1... etc"?
- Are their "coef." values anything I could use in my equation?
- And what should I do with the adjustment coefficient?
If anyone could shed some light on this, it would be highly appreciated!
Regards,
James
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