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संरचनात्मक ब्रेक के साथ वेक्टर त्रुटि सुधार मॉडल (SB-VECM)×सदिश त्रुटि सुधार मॉडल (VECM)×
क्षेत्रअर्थमितिअर्थमिति
परिवारRegression modelRegression model
उद्भव वर्ष1996–20001987
प्रवर्तकGregory & Hansen (1996); Johansen, Mosconi & Nielsen (2000)Robert F. Engle and Clive W. J. Granger
प्रकारMultivariate error correction model with structural breaksMultivariate time-series model
मौलिक स्रोतGregory, A. W., & Hansen, B. E. (1996). Residual-based tests for cointegration in models with regime shifts. Journal of Econometrics, 70(1), 99–126. DOI ↗Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276. DOI ↗
उपनामSB-VECM, VECM with regime shifts, cointegration model with structural breaks, break-augmented VECMVECM, error correction VAR, cointegrated VAR, vector equilibrium correction model
संबंधित55
सारांशThe Structural Break VECM extends the standard Vector Error Correction Model to allow the cointegrating relationships, adjustment speeds, or short-run dynamics to shift at one or more known or estimated break dates. It preserves the long-run equilibrium framework of the VECM while explicitly modelling regime changes caused by policy shifts, crises, or institutional changes.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.
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