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벡터 오차 수정 모형 (VECM)×ARDL 경계 검정 (Pesaran 경계 검정)×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도19872001
창시자Engle & GrangerPesaran, Shin & Smith
유형Multivariate time-series modelCointegration test / Autoregressive distributed lag model
원전Engle, R. F. & Granger, C. W. J. (1987). Co-Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251-276. DOI ↗Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16(3), 289–326. DOI ↗
별칭vector error correction model, error correction model, cointegration model, VECM (Vektör Hata Düzeltme Modeli)Pesaran bounds test, bounds testing approach, ARDL cointegration test, ARDL Sınır Testi (Pesaran Bounds Test)
관련44
요약The Vector Error Correction Model is a multivariate time-series model for cointegrated series that captures both their short-run dynamics and their long-run equilibrium relationship. It was introduced by Engle and Granger in 1987 as part of the cointegration and error-correction framework.The ARDL bounds test is an autoregressive distributed lag method that tests for a cointegrating (long-run level) relationship between time series, introduced by Pesaran, Shin and Smith in 2001. Unlike the Johansen procedure, it remains valid whether the variables are I(0), I(1) or a mix of the two, and it is more reliable than Johansen in small samples of roughly 30 to 80 observations.
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