Parente, Paulo MDC and Santos Silva, JMC (2012) 'A cautionary note on tests of overidentifying restrictions.' Economics Letters, 115 (2). pp. 314-317. ISSN 0165-1765
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Official URL: http://ideas.repec.org/a/eee/ecolet/v115y2012i2p31...
Abstract
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.
Item Type: | Article |
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Uncontrolled Keywords: | GMM; Hansen’s J-test; Instrumental variables; Sargan test |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Elements |
Depositing User: | Elements |
Date Deposited: | 07 Mar 2013 15:40 |
Last Modified: | 06 Jan 2022 14:37 |
URI: | http://repository.essex.ac.uk/id/eprint/5783 |
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