Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy

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

*Optimal lag length; Source: Author’s computation