NARDL in EViews 13: A Study of Bosnia's Tourism Sector

EViews 13 introduces several new features to extend the analysis of the well-known autoregressive distributed lag (ARDL) model (see our 3-part ARDL blog series: Part I, Part II, and Part III). In particular, estimation of ARDL models now accommodates asymmetric distributed lag (DL) regressors which extend traditional ARDL models to the increasingly popular nonlinear ARDL (NARDL) models. The latter allow for more complex dynamics which focus on modeling asymmetries both among the cointegrating (long-run) as well as the dynamic adjustment (short-run) relationships. To demonstrate these features, we will examine whether tourist arrivals and their length of stay (popular measures of tourism sector development) have asymmetric effects on the overall economic development (measured as gross domestic product (GDP)) in Bosnia and Herzegovina.

EViews 13 is Released!

We are pleased to announce that EViews 13 has been released! Packed with new features and enhancements, EViews 13 can be purchased as either an upgrade or a new purchase for single user licenses.  Volume license customers will be receiving their complimentary upgrades soon!

Simulation and Bootstrap Forecasting from Univariate GARCH Models

Authors and guest post by Eren Ocakverdi

This blog piece intends to introduce a new add-in (i.e. SIMULUGARCH) that extends the current capability of EViews’ available features for the forecasting of univariate GARCH models.