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Re: st: IRF interpretation
From
Muhammad Anees <[email protected]>
To
[email protected]
Subject
Re: st: IRF interpretation
Date
Tue, 14 Feb 2012 08:27:22 +0500
You can find answers to your questions by searching the )StataList(
archives. The point has been already discussed.
See http://www.stata.com/statalist/archive/2011-03/msg00864.html
On Mon, Feb 13, 2012 at 11:41 PM, Muhammad Akram <[email protected]> wrote:
> Dear All,
>
> I need a bit of help in interpreting IRF table values in %age from the following table.
>
>
>
> +--------------------------------------------------------------------------------+
> | | (1) (1) (1) | (2) (2) (2) |
> | step | irf Lower Upper | irf Lower Upper |
> |--------+-----------------------------------+-----------------------------------|
> |0 | 0 0 0 | 0 0 0 |
> |1 | -.000251 -.000975 .000473 | -.000099 -.000705 .000508 |
> |2 | -.000622 -.001709 .000464 | -.000389 -.001011 .000233 |
> |3 | .000123 -.000908 .001155 | .000188 -.000338 .000715 |
> |4 | .00085 -.000348 .002047 | .000266 -.000246 .000779 |
> |5 | -.000271 -.001281 .00074 | -.000074 -.000628 .000479 |
> |6 | -.000504 -.001704 .000697 | -.000064 -.000613 .000485 |
> |7 | .000213 -.000852 .001279 | -.000068 -.000592 .000457 |
> |8 | .000025 -.001095 .001145 | -.00005 -.00048 .000379 |
> +--------------------------------------------------------------------------------+
> 95% lower and upper bounds reported
> (1) Impulse = opu, and response = D.lgdp
> (2) Impulse = opd, and response = D.lgdp
>
>
> in model oil prices are in US$ and gdp is gdp per capita. So I want to explain from these results how much gdp increases in $s when crude oil price is increased by 10$. I should be greatful for guidance.
>
>
>
> Thanks
>
> aasim
>
>
>
>
> *
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--
Best
---------------------------
Muhammad Anees
Assistant Professor/Programme Coordinator
COMSATS Institute of Information Technology
Attock 43600, Pakistan
http://www.aneconomist.com
*
* For searches and help try:
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* http://www.ats.ucla.edu/stat/stata/