VAR Lag Order Selection  Criteria

Endogenous variables:  DLNSP DLNM1 DLNCPI IR

Exogenous variables:  C

Sample: 2001M01 2012M06

Included observations:  125

Lag

LogL

LR

FPE

AIC

SC

HQ

0

840.4483

NA

1.81e-11

-13.38317

-13.29267

-13.34641

1

1075.593

451.4786

5.43e-13

-16.88949

-16.43696*

-16.70566

2

1102.196

49.37398

4.59e-13

-17.05913

-16.24458

-16.72822*

3

1119.605

31.19762

4.50e-13

-17.08168

-15.90510

-16.60370

7

1186.241

27.18544

  4.45e-13*

-17.12386*

-14.49919

-16.05760

8

1194.243

11.77830

5.14e-13

-16.99589

-14.00919

-15.78255

9

1211.967

24.95555

5.11e-13

-17.02347

-13.67475

-15.66306

10

1222.504

14.16149

5.74e-13

-16.93606

-13.22532

-15.42858

11

1235.185

16.23192

6.26e-13

-16.88296

-12.81019

-15.22841

12

1260.753

  31.09089*

5.60e-13

-17.03605

-12.60126

-15.23443

* indicates lag  order selected by the criterion

LR: sequential  modified LR test statistic (each test at 5% level)

FPE: Final  prediction error

AIC: Akaike  information criterion

SC: Schwarz  information criterion

HQ: Hannan-Quinn  information criterion