Dear all,
I am conducting ARDL estimatiors with EC form to estimate the long run relationship between financial development and economic growth.
The regressors are stationary at either level or first difference.
how can we perform causality test based on the error correction model, like this case?
Could you suggest several test for this purpose?
Thanks a lot in advance.
I am conducting ARDL estimatiors with EC form to estimate the long run relationship between financial development and economic growth.
The regressors are stationary at either level or first difference.
how can we perform causality test based on the error correction model, like this case?
Could you suggest several test for this purpose?
Thanks a lot in advance.