面板数据做协整和误差修正模型,两个变量n和e,但是出来的系数怎么是正的呢。而且t值也是正值。是出了什么问题吗?系数必须是负值才可以吗,还有t值也必须是负的么。下面是出来的结果
Cointegrating Eq: CointEq1
N(-1) 1.000000
E(-1) 0.281596
(0.06117)
[ 4.60337]
C -322.5870
Error Correction: D(N) D(E)
CointEq1 0.046500 0.224593
(0.02882) (0.03984)
[ 1.61369] [ 5.63681]
D(N(-1)) 0.185871 -0.146377
(0.09602) (0.13276)
[ 1.93586] [-1.10256]
D(N(-2)) 0.299213 -0.382576
(0.12440) (0.17200)
[ 2.40530] [-2.22422]
D(E(-1)) 0.025236 -0.480228
(0.05556) (0.07683)
[ 0.45418] [-6.25074]
D(E(-2)) -0.010435 -0.153819
(0.05423) (0.07498)
[-0.19242] [-2.05135]
C 9.187522 69.26905
(5.30512) (7.33541)
[ 1.73182] [ 9.44310]
R-squared 0.092787 0.226526
Adj. R-squared 0.069162 0.206383
Sum sq. resids 506206.4 967800.8
S.E. equation 51.34678 70.99739
F-statistic 3.927436 11.24613
Log likelihood -1057.747 -1121.907
Akaike AIC 10.74492 11.39300
Schwarz SC 10.84456 11.49264
Mean dependent 14.26889 40.99346
S.D. dependent 53.22015 79.69608
Determinant resid covariance (dof adj.) 13257405
Determinant resid covariance 12466100
Log likelihood -2179.413
Akaike information criterion 22.15569
Schwarz criterion 22.38820