Am 15.04.2017 um 15:01 schrieb Artur Tarassow:
Here is a list of the two options as they are implemented currently.
list ylist = LRM LRY
list rlist = IBO
# exogenous only in the coint. space but not in the VAR
vecm 2 1 ylist ; ; rlist
Yeah, but that does not answer the question of whether the
error-correction term as written on the right-hand side of the
equation(s) is composed of LRM(-1)/LRY(-1)/IBO or of
LRM(-1)/LRY(-1)/IBO(-1). That's my question.
thanks,
sven