Article ID Journal Published Year Pages File Type
5059749 Economics Letters 2012 4 Pages PDF
Abstract
► Fixed alternatives are determined against which the OR test is inconsistent. ► If there is a “true parameter” then the result of the OR pretest should be carefully interpreted. ► The inconsistency result of the OR test is related to the literature on “optimal” power results.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A note on the (in)consistency of the test of overidentifying restrictions and the concepts of true and pseudo-true parameters
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