[Gretl-users] Signs and Interval of Error Corrections Terms in within a VECM framework

[Anutechia Asongu]

Hi All,
           I understand within a bivariate VECM framework, the Error Correction 
Terms(ECTs) have to be negative and situated within the interval: 0 and -1. 
Does this principle on sign and interval apply to a multivariate VECM framework?
           Cheers

Hi All,
           I understand within a bivariate VECM framework, the Error Correction Terms(ECTs) have to be negative and situated within the interval: 0 and -1. Does this principle on sign and interval apply to a multivariate VECM framework?
           Cheers