Hi,
I employed PVAR model using command " pvar Y x1 x2 x3 x4 x5 x6" on my unbalanced panel comprising 66 countries and 24 years data. However, the result showing all variables are insignificant and "pvarstable" command shows the result attached below. I want to know what mistake i am doing or if there any prerequisite conditions before running pvar that I am missing. Before running pvar I checked stationarity and cointegration tests. All variables are cointegrated and stationary at first difference. I also tried to check using balanced panel but the results are same. Kindly suggest me what to do. Thanking you in anticipation.
I employed PVAR model using command " pvar Y x1 x2 x3 x4 x5 x6" on my unbalanced panel comprising 66 countries and 24 years data. However, the result showing all variables are insignificant and "pvarstable" command shows the result attached below. I want to know what mistake i am doing or if there any prerequisite conditions before running pvar that I am missing. Before running pvar I checked stationarity and cointegration tests. All variables are cointegrated and stationary at first difference. I also tried to check using balanced panel but the results are same. Kindly suggest me what to do. Thanking you in anticipation.
