Question: Whether long-run causality exists in the VECM model is critical. Briefly describe the procedure for testing whether long-runcausality exists. It may be described around the

Whether long-run causality exists in the VECM model is critical. Briefly describe the procedure for testing whether long-runcausality exists. It may be described around the procedures of the Reviews or described mathematically.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!