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Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy
Universal Journal of Finance and Economics
| Vol 3, Issue 1
Table 4. Optimal Lag Length
| Lag | Loglikelihood | LR | AIC | SBIC | HQC |
| 0 | -1058.076 | NA | 48.32163 | 48.52438 | 48.39682 |
| 1 | -802.2318 | 441.9126 | 37.82872 | 39.04521* | 38.27985* |
| 2 | -768.9891 | 49.86392* | 37.45405* | 39.68429 | 38.28113 |
| 3 | -741.5952 | 34.86498 | 37.34524 | 40.58922 | 38.54826 |
| 4 | -709.4705 | 33.58492 | 37.02139 | 41.27911 | 38.60036 |
*Optimal lag length; Source: Author’s computation