AutoRegressive Distributed Lag Models (ARDL) are dynamic models that involve variables lagged over time, unlike static models. The aim of the paper is to present how to apply ARDL models using the R software, show how to use the package Dynamac. The Dynamac makes interesting recommendations for estimating ARDL models using R. Then, in this paper, I present the benefits of dynamac package for the statistical language R, demonstrating its main functionalities in a step-by-step guide.
JEL codes: C15, C88