Krahasoni metodat

	Modeli Bayesian i Korrigjimit të Gabimeve Vektoriale (Bayesian VECM)	Modeli i Korrigjimit të Gabimeve Vektoriale në Panel (Panel VECM)
Fusha	Ekonometri	Ekonometri
Familja	Regression model	Regression model
Viti i origjinës	2002–2005	1987–1995
Krijuesi	Kleibergen & Paap; Villani	Engle & Granger (1987) for VECM; Holtz-Eakin, Newey & Rosen (1988) for panel VAR extension
Lloji	Bayesian multivariate time series model	Multivariate dynamic panel model
Burimi themelues	Kleibergen, F., & Paap, R. (2002). Priors, posteriors and Bayes factors for a Bayesian analysis of cointegration. Journal of Econometrics, 111(2), 223–249.	Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276.
Emërtime të tjera	Bayesian VECM, B-VECM, Bayesian cointegrated VAR, Bayesian vector error correction	Panel VECM, panel vector error correction model, PVECM, panel cointegrating VAR
Të lidhura	5	5
Përmbledhja	The Bayesian VECM combines the classical Vector Error Correction Model — which captures both short-run dynamics and long-run cointegrating relationships among non-stationary multivariate time series — with Bayesian prior distributions over the cointegrating rank and coefficient matrices. This allows principled uncertainty quantification, incorporation of economic theory as priors, and coherent inference even in small samples.	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.