I am curious to hear how you would extract the following information after estimating an error correction model with homogenous long-run and heterogeneous short-run coefficients using xtdcce2:
- The speed of adjustment value
- The error correction term value
- A test for autocorrelation of the residuals
- A test for heteroscedasticity of the residuals
Here is the specific command I have run on a panel dataset.
Code:
xtdcce2 d.var1 d.var2 , pooled(L.var1 var2) lr(L.var1 var2) nocross
I'd be grateful for your thoughts on this! And JanDitzen, congratulations on an excellent package.
Sam
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