(Stata13): VECM and 3-Ways Causality Checks (3)

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  • เผยแพร่เมื่อ 21 ม.ค. 2025

ความคิดเห็น • 32

  • @CrunchEconometrix
    @CrunchEconometrix  6 ปีที่แล้ว +1

    TH-cam recently changed the way my content will be monetised. My channel now needs 1,000 subscribers. So it would be amazing if you show your support by both watching my videos and subscribing to my channel if you haven’t done so already. Monetising my videos allows me to invest back into the channel with some new equipment so this small gesture from you will be extremely huge for me. Many thanks for your support….CrunchEconometrix loves to teach, support my Channel with your subscription and sharing my videos with your cohorts.

  • @abdullahikwari1013
    @abdullahikwari1013 3 ปีที่แล้ว +1

    Thank you very much for your very detailed videos. Please what happens when my error correction term is negative but not statistically significant, does that implies no long run relationship? Thank you!

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Abdullahi, reversion to LR equilibrium is not statistically significant.

  • @mohitrajoria9141
    @mohitrajoria9141 5 หลายเดือนก่อน +1

    Hello Ma'am, as the result show from the Jarque-Bera test that error are not normally distributed, what inference is taken from it. and is there any way to correct it.
    and Thanks for your content, it is helping many students to understand these model from basics.

    • @CrunchEconometrix
      @CrunchEconometrix  5 หลายเดือนก่อน

      Hi Mohit, if JB says non-normal distribution of the errors, then that's what it is. The most important tests to be concerned about are HETEROSCEDASTICITY, SERIAL CORRELATION, and STABILITY.

  • @somratdutta
    @somratdutta 3 ปีที่แล้ว +1

    Maam, while performing the DIagnostic tests, I am getting this errors :
    vecnorm, jbera
    error computing temporary var estimates
    r(198);
    What should I do?

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Hi Somrat, click on the error code for guides to resolving the problem. Thanks.

  • @armenkaprelian
    @armenkaprelian 3 ปีที่แล้ว +1

    Hello,
    Could you please briefly explain why Granger is not applicable to VECM, and Wald should be used instead?
    I have tried looking online for reasoning, but haven't been successful.
    Thank you

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Hi Armen, both tests check for causality. Either suffices.

    • @armenkaprelian
      @armenkaprelian 3 ปีที่แล้ว

      @@CrunchEconometrix ah ok thank you. Maybe I misinterpreted when you wrote that "vargranger is not applicable to VECM". We have to use Wald/Granger to get around that.

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Both are causality tests.

  • @maxsweeney2032
    @maxsweeney2032 4 ปีที่แล้ว

    Could you expand on what you mean by strong causal relationship? Are we able to conclude that x causes y if VECM has significant SR and LR coefficients?

    • @CrunchEconometrix
      @CrunchEconometrix  4 ปีที่แล้ว

      Max, all causal relations are properly explained. Nothing more to add. Kindly watch the entire causality videos again. Thanks.

  • @nurmisuhari4659
    @nurmisuhari4659 3 ปีที่แล้ว +1

    Hallooo mam, I have been my last uni assignments, I applied ardl granger causality as last step for looking causality between variable, I have been looking that way on youtube but haven't been successful and just stuck on it, can you show me mam how to execute this using stata? Thanks in advance

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Hi Nurmi, kindly watch my ARDL-Causality videos.

    • @nurmisuhari4659
      @nurmisuhari4659 3 ปีที่แล้ว

      @@CrunchEconometrix thanks mam for your response, I have checked your all uploaded video , but I just found ARDL-causality with panel data, I use time series data on my thesis, are panel and time series use similar step for ARDL-causality test?

    • @nurmisuhari4659
      @nurmisuhari4659 3 ปีที่แล้ว

      @@CrunchEconometrix I meant similar command to apply

    • @CrunchEconometrix
      @CrunchEconometrix  3 ปีที่แล้ว

      Nurmi, I have ARDL-Causality videos based on time series. You may want to check them out.

    • @nurmisuhari4659
      @nurmisuhari4659 3 ปีที่แล้ว +1

      @@CrunchEconometrix yeahhh mam I am 100% sure have checked all your video, but never find it, only have ARDL-Causality using e-views. I am sorry for bothering you once time

  • @iftekharimran9667
    @iftekharimran9667 4 ปีที่แล้ว

    Respected professor, please kindly inform me that how can you get these critical values ( 0.0756 and 0.5345 and 0.684).

    • @CrunchEconometrix
      @CrunchEconometrix  4 ปีที่แล้ว

      Hi Iftektar, kindly watch the video again to see those values automatically generated. Thanks.

  • @zac3878
    @zac3878 5 ปีที่แล้ว

    is there any way to check long run causality between the variables. For example does Gdp cause pdi in the longrun? thanks

    • @zac3878
      @zac3878 5 ปีที่แล้ว

      In an example paper I have seen they use an F test to check the long run relationship.

    • @CrunchEconometrix
      @CrunchEconometrix  5 ปีที่แล้ว

      Hi Zac, not at all but you can infer long-run causality from the significant t-stats of the RHS variables on the dependent variable. May I know from where (location) you are reaching me?

  • @rinawelly119
    @rinawelly119 4 ปีที่แล้ว

    hi mam.. i want to ask about
    what is the philosophy of long run and short run, what makes them different , and ect(error correction term) too.... i,m still confused...
    are sentences easier to understand it according your video...thank you mam?

    • @CrunchEconometrix
      @CrunchEconometrix  4 ปีที่แล้ว

      Hi Adzra, I will suggest you find time to read papers and online resources on long- and short-runs. There's a lot to learn which I won't be able to take up. Please may I know from where (location) you are reaching me?

    • @rinawelly119
      @rinawelly119 4 ปีที่แล้ว +1

      @@CrunchEconometrix oke mam...i'm from indonesia