کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5059895 1371792 2012 4 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A cautionary note on tests of overidentifying restrictions
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
A cautionary note on tests of overidentifying restrictions
چکیده انگلیسی

In this note, we argue that tests of overidentifying restrictions give little information on the validity of the moment conditions implied by the underlying economic model, and therefore are mute about the possibility of identifying the parameters of interest.

► Tests of overidentifying restrictions are widely used in practice. ► However, there is often confusion about their interpretation. ► We argue that these tests do not check the validity of the instruments. ► Rather, they check whether all instruments identify the same set of parameters.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 115, Issue 2, May 2012, Pages 314-317
نویسندگان
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