The VAR Model and Its Main Problems
DOI:
https://doi.org/10.29201/peipn.v3i6.263Keywords:
VAR models, Reduced Form, Recursive Form, Structural VAR, CritiquesAbstract
To almost three decades of existence of the VAR models, it is important to ask what are the essential objections that have faced this type of models? To give an answer to this question, it is made this work of investigation which object is determine the principal critiques to the VAR models. To reach the object, we have to study the origin of the VAR models, describe the central stating of these models and beneath the literature about the theme; we find the stating critiques to mention models.
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