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Re: st: IRF interpretation


From   Muhammad Anees <anees@aneconomist.com>
To   statalist@hsphsun2.harvard.edu
Subject   Re: st: IRF interpretation
Date   Tue, 14 Feb 2012 08:27:22 +0500

You can find answers to your questions by searching the  )StataList(
archives. The point has been already discussed.
See http://www.stata.com/statalist/archive/2011-03/msg00864.html

On Mon, Feb 13, 2012 at 11:41 PM, Muhammad Akram <aasim548@hotmail.com> wrote:
> Dear All,
>
> I need a bit of help in interpreting IRF table values in %age from the following table.
>
>
>
> +--------------------------------------------------------------------------------+
> |        |    (1)         (1)         (1)    |    (2)         (2)         (2)    |
> |  step  |   irf        Lower       Upper    |   irf        Lower       Upper    |
> |--------+-----------------------------------+-----------------------------------|
> |0       | 0           0           0         | 0           0           0         |
> |1       | -.000251    -.000975    .000473   | -.000099    -.000705    .000508   |
> |2       | -.000622    -.001709    .000464   | -.000389    -.001011    .000233   |
> |3       | .000123     -.000908    .001155   | .000188     -.000338    .000715   |
> |4       | .00085      -.000348    .002047   | .000266     -.000246    .000779   |
> |5       | -.000271    -.001281    .00074    | -.000074    -.000628    .000479   |
> |6       | -.000504    -.001704    .000697   | -.000064    -.000613    .000485   |
> |7       | .000213     -.000852    .001279   | -.000068    -.000592    .000457   |
> |8       | .000025     -.001095    .001145   | -.00005     -.00048     .000379   |
> +--------------------------------------------------------------------------------+
> 95% lower and upper bounds reported
> (1) Impulse = opu, and response = D.lgdp
> (2) Impulse = opd, and response = D.lgdp
>
>
> in model oil prices are in US$ and gdp is gdp per capita. So I want to explain from these results how much gdp increases in $s when crude oil price is increased by 10$. I should be greatful for guidance.
>
>
>
> Thanks
>
> aasim
>
>
>
>
> *
> *   For searches and help try:
> *   http://www.stata.com/help.cgi?search
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-- 

Best
---------------------------
Muhammad Anees
Assistant Professor/Programme Coordinator
COMSATS Institute of Information Technology
Attock 43600, Pakistan
http://www.aneconomist.com

*
*   For searches and help try:
*   http://www.stata.com/help.cgi?search
*   http://www.stata.com/support/statalist/faq
*   http://www.ats.ucla.edu/stat/stata/


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