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Re: st: RE: VEC: Missing Output Data


From   Barbara Engels <[email protected]>
To   [email protected]
Subject   Re: st: RE: VEC: Missing Output Data
Date   Thu, 7 Jul 2011 13:35:15 +0200

The problem I see is for example in this output: 

> Identification:  beta is exactly identified
>                 Johansen normalization restrictions imposed
> ------------------------------------------------------------------------------
>        beta |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
> -------------+----------------------------------------------------------------
> _ce1         |
>      tfp_in |          1          .        .       .            .           .
>       lnbrd |   6.25e-17          .        .       .            .           .
>       lnfrd |   5.55e-17          .        .       .            .           .
>  lllneduexp |  -3.33e-16          .        .       .            .           .
>      llnftl |  -.0461967   .0200468    -2.30   0.021    -.0854877   -.0069057
>    impshare |   .0132646   .0020457     6.48   0.000     .0092551    .0172741
>       _cons |  -.3241717          .        .       .            .           .



Why is there no Std. Err. etc. for lnbrd, lnfrd, ... ? 
And still, I don't really know how I could make an ECM out of the vec results.
Thanks,
Barbara




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