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