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베이지안 NARDL: 베이지안 추정을 이용한 비선형 ARDL×벡터 오차 수정 모형 (VECM)×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도2014 (NARDL); Bayesian extension c. 2015–20201987
창시자Shin, Yu & Greenwood-Nimmo (NARDL base); Bayesian extension developed in subsequent applied literatureRobert F. Engle and Clive W. J. Granger
유형Nonlinear cointegrating model with Bayesian inferenceMultivariate time-series model
원전Shin, Y., Yu, B., & Greenwood-Nimmo, M. (2014). Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In W. C. Horrace & R. C. Sickles (Eds.), Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications (pp. 281–314). Springer. link ↗Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276. DOI ↗
별칭Bayesian NARDL, Bayesian nonlinear ARDL, Bayesian asymmetric ARDL, B-NARDLVECM, error correction VAR, cointegrated VAR, vector equilibrium correction model
관련65
요약Bayesian NARDL combines the Nonlinear Autoregressive Distributed Lag framework of Shin, Yu, and Greenwood-Nimmo (2014) with Bayesian posterior inference. It models asymmetric long-run cointegration — allowing positive and negative shocks to a regressor to have different equilibrium effects — while incorporating prior knowledge and producing full posterior distributions over all parameters, including the asymmetry gap.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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