Relationship between Chinese and International Crude Oil Prices: A VEC-TARCH Approach

Table 2

VAR lag order selection criteria. “” indicates the model order selected by the corresponding criterion. LR, FPE, AIC, SC, and HQ are the sequential modified LR test statistic (each test at 5% level), final prediction error, Akaike information criterion, Schwarz information criterion, and Hannan-Quinn information criterion, respectively.

Lag		LR	FPE	AIC	SC	HQ
0		NA
1
2
3
4
5
6