Hi everyone
I need to run ARDL model for 4 full-fledged Islamic banks for the period 2017-2021. The study is country specific and only 4 full-fledged Islamic banks are present. I have 9 IVs. I have tested for unit root, cross sectional dependence, no issues there. Issues are in mg and pmg models:
I need to run ARDL model for 4 full-fledged Islamic banks for the period 2017-2021. The study is country specific and only 4 full-fledged Islamic banks are present. I have 9 IVs. I have tested for unit root, cross sectional dependence, no issues there. Issues are in mg and pmg models:
- in the mg model, it omitted 2 variables.
- in pmg model, it gave me the error "Hessian has become unstable or asymmetric".
- when i drop 3 of the variables in pmg it gives me result. among these 2 are the one omitted in mg model and one more
