| 1 Cointegrating Equation(s): | Log likelihood | 1381.286 | |||
| Normalized cointegrating coefficients (standard error in parentheses) | |||||
| LP | LI | LH | LC | ||
1 | -0.048264 | -0.892516 | 0.059581 | ||
-0.06607 | -0.11015 | -0.05337 | |||
| Adjustment coefficients (standard error in parentheses) | |||||
| D(LP) | 0.235311 | ||||
-0.14817 | |||||
| D(LI) | 0.460976 | ||||
-0.21891 | |||||
| D(LH) | 0.480527 | ||||
-0.17158 | |||||
| D(LC) | 0.272634 | ||||
-0.0955 | |||||
| 2 Cointegrating Equation(s): | Log likelihood | 1394.965 | |||
| Normalized cointegrating coefficients (standard error in parentheses) | |||||
| LP | LI | LH | LC | ||
1 | 0 | -0.961026 | 0.075527 | ||
-0.02048 | -0.03006 | ||||
0 | 1 | -1.419485 | 0.33038 | ||
-0.07396 | -0.10854 | ||||
| Adjustment coefficients (standard error in parentheses) | |||||
| D(LP) | -0.213528 | -0.211624 | |||
-0.17807 | -0.04997 | ||||
| D(LI) | -0.318136 | -0.369878 | |||
-0.25641 | -0.07195 | ||||
| D(LH) | -0.007191 | -0.240806 | |||
-0.20783 | -0.05832 | ||||
| D(LC) | 0.345762 | 0.01947 | |||
-0.12165 | -0.03414 | ||||
| 3 Cointegrating Equation(s): | Log likelihood | 1399.535 | |||
| Normalized cointegrating coefficients (standard error in parentheses) | |||||
| LP | LI | LH | LC | ||
1 | 0 | 0 | -1.227276 | ||
-0.14361 | |||||
0 | 1 | 0 | -1.593926 | ||
-0.23314 | |||||
0 | 0 | 1 | -1.355638 | ||
-0.15285 | |||||
| Adjustment coefficients (standard error in parentheses) | |||||
| D(LP) | -0.318796 | -0.182589 | 0.531869 | ||
-0.18871 | -0.05284 | -0.21478 | |||
| D(LI) | -0.31006 | -0.372106 | 0.828758 | ||
-0.27439 | -0.07683 | -0.31229 | |||
| D(LH) | -0.115771 | -0.210858 | 0.375823 | ||
-0.22072 | -0.0618 | -0.25121 | |||
| D(LC) | 0.371032 | 0.0125 | -0.366229 | ||
-0.13003 | -0.03641 | -0.14799 | |||
我是四个变量,两个协整,请问方程式怎么做?而且第一个的调整系数D都为正值,这是说明协整无效吗?请问为什么我做的没有常数项C呢?


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