VAR Lag Order Selection Criteria | ||||||
Endogenous variables: GDP/Capita Infl gfcf Govt Exc.r Trade Ms | ||||||
Exogenous variables : C | ||||||
Date: 28/02/22 Time: 10:25 | ||||||
Sample: 1990 2021 | ||||||
Included observations: 32 | ||||||
Lag | LogL | LR | FPE | AIC | SC | HQ |
0 | −3451.419 | NA | 1.47e+21 | 60.09424 | 60.18972 | 60.13299 |
1 | −3309.190 | 272.0905 | 1.64e+20* | 57.89895* | 58.37633* | 58.09272* |
2 | −3307.569 | 2.988290 | 2.11e+20 | 58.14902 | 59.00830 | 58.49780 |
3 | −3305.524 | 3.627581 | 2.70e+20 | 58.39172 | 59.63290 | 58.89551 |
4 | −3281.723 | 40.56430* | 2.37e+20 | 58.25606 | 59.87915 | 58.91486 |
5 | −3268.613 | 21.43321 | 2.51e+20 | 58.30630 | 60.31130 | 59.12012 |
6 | −3267.786 | 1.294335 | 3.30e+20 | 58.57018 | 60.95708 | 59.53901 |
7 | −3266.813 | 1.453973 | 4.36e+20 | 58.83154 | 61.60034 | 59.95538 |
8 | −3264.079 | 3.898910 | 5.61e+20 | 59.06225 | 62.21296 | 60.34111 |
*indicates lag order selected by the criterion | ||||||
LR: sequential modified LR test statistic (each test at 5% level) | ||||||
FPE: Final prediction error | ||||||
AIC: Akaike information criterion | ||||||
SC: Schwarz information criterion | ||||||
HQ: Hannan-Quinn information criterion |