Buy custom The Bahrain Economy: A VAR analysis
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| Topic: |
Social Issues
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| Number of pages / Number of words: |
13 / 3474 |
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VAR approach is outlined next, followed by a discussion on the data used to estimate the model. The next part discusses the empirical results, concluding with the summary and conclusions.
2. THE VAR METHODOLOGY
The methodology of the VAR is briefly described here. A k-equation VAR can be represented in a matrix form as follows:
A(L)Yt = A + Ut (1)
and
A(L) = I ? H1L1 ? H2L2 - ?...
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THE VAR METHODOLOGY
The methodology of the VAR is briefly described here. A k-equation VAR can be represented in a matrix form as follows:
A(L)Yt = A + Ut (1)
and
A(L) = I ? H1L1 ? H2L2 - ?..HkLn (2)
Yt is an kx1 vector of variables, A is an kx1 vector of constants, and Ut is an kx1 vector of random variables...
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