Dear Statalisters,
I am estimating an error correction model. I am trying to understand how to use coefplot after using nlcom to calculate the long-term effects of the explanatory variables.
Here is an example of what I am trying to do
webuse lutkepohl2
tsset
regress d.ln_inv l.ln_inv d.ln_inc l.ln_inc d.ln_consump l.ln_consump
* The long-term effect of changes in ln_inc
nlcom (_b[l.ln_inc]/-(_b[L1.ln_inv]))
* The long-term effect of changes in ln_consump
nlcom (_b[l.ln_consump]/-(_b[L1.ln_inv]))
I would now like to use coefplot to display both of these long-term coefficients and the short-term coefficients estimated earlier in one graph. Thanks for your help!
I am estimating an error correction model. I am trying to understand how to use coefplot after using nlcom to calculate the long-term effects of the explanatory variables.
Here is an example of what I am trying to do
webuse lutkepohl2
tsset
regress d.ln_inv l.ln_inv d.ln_inc l.ln_inc d.ln_consump l.ln_consump
* The long-term effect of changes in ln_inc
nlcom (_b[l.ln_inc]/-(_b[L1.ln_inv]))
* The long-term effect of changes in ln_consump
nlcom (_b[l.ln_consump]/-(_b[L1.ln_inv]))
I would now like to use coefplot to display both of these long-term coefficients and the short-term coefficients estimated earlier in one graph. Thanks for your help!
