Hello Everyone,
So after testing my var. with xtcips, several of my variables are not stationary at level,
I used xtcips since there is CD in data
My question is that; Can I use some variables as in the first order as following?
xtscc depvar indepvar indepvar2 d.indepvar3 d.indepvar4... indepvar15, fe lag(1)
xtscc because data heteroskedastic, autocorrelated, and CD.
If I cant use them in this regression, is there any other? (except ardl)
Because I think they are affecting depvar with their t-1.
For instance, 2019 indepvar3 may be affecting 2020 depvar.
If you can suggest any idea it would be great for me.
Thanks.
So after testing my var. with xtcips, several of my variables are not stationary at level,
I used xtcips since there is CD in data
My question is that; Can I use some variables as in the first order as following?
xtscc depvar indepvar indepvar2 d.indepvar3 d.indepvar4... indepvar15, fe lag(1)
xtscc because data heteroskedastic, autocorrelated, and CD.
If I cant use them in this regression, is there any other? (except ardl)
Because I think they are affecting depvar with their t-1.
For instance, 2019 indepvar3 may be affecting 2020 depvar.
If you can suggest any idea it would be great for me.
Thanks.
