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	Modèle à Correction d'Erreur Vectoriel sur Données de Panel (Panel VECM)	Modèle à Correction d'Erreur Vectorielle (VECM)
Domaine	Économétrie	Économétrie
Famille	Regression model	Regression model
Année d'origine	1987–1995	1987
Auteur d'origine	Engle & Granger (1987) for VECM; Holtz-Eakin, Newey & Rosen (1988) for panel VAR extension	Robert F. Engle and Clive W. J. Granger
Type	Multivariate dynamic panel model	Multivariate time-series model
Source fondatrice	Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276.	Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276.
Alias	Panel VECM, panel vector error correction model, PVECM, panel cointegrating VAR	VECM, error correction VAR, cointegrated VAR, vector equilibrium correction model
Apparentées	5	5
Résumé	Panel VECM combines vector error correction modelling with panel data, simultaneously capturing the long-run cointegrating equilibrium among multiple I(1) variables and their short-run adjustment dynamics across multiple cross-sectional units. It is the standard framework when panel variables share at least one common stochastic trend.	The Vector Error Correction Model extends the Vector Autoregression (VAR) framework to a system of variables that share one or more long-run equilibrium relationships. It jointly models short-run dynamics and the speed at which each variable corrects back toward equilibrium after a shock, making it the standard tool for analysing cointegrated multivariate time series.