Dear Scholars,
I have 7 variables. 4 of them non-stationary and 3 of them stationary.My dependent variable is also stationary. I found no co-integration between my variables using panel cointegration test. How can I solve this problem, which model is better for this situation? My deadline is really close and I could not find any solution. ( T=20, N=12)
Best Regards
1. Select the appropriate no. of lags for each of the independent variable
2.Pesaran et al., ARDL model may include I(1) and I(0) variables
3. Test for co-integration using bound test approach
Dear Bhattacharya,
Thank you very much for your helps but as I found bound test approach is using for time series data. Can we use it panel data too?
Refer to
On Distributed Lags in Dynamic Panel Data Models: Evidence from Market Shares
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