Parente, Paulo MDC and Santos Silva, JMC (2012) A cautionary note on tests of overidentifying restrictions. Economics Letters, 115 (2). pp. 314-317. DOI https://doi.org/10.1016/j.econlet.2011.12.047
Parente, Paulo MDC and Santos Silva, JMC (2012) A cautionary note on tests of overidentifying restrictions. Economics Letters, 115 (2). pp. 314-317. DOI https://doi.org/10.1016/j.econlet.2011.12.047
Parente, Paulo MDC and Santos Silva, JMC (2012) A cautionary note on tests of overidentifying restrictions. Economics Letters, 115 (2). pp. 314-317. DOI https://doi.org/10.1016/j.econlet.2011.12.047
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 |
|---|---|
| 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: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 07 Mar 2013 15:40 |
| Last Modified: | 24 Oct 2024 10:38 |
| URI: | http://repository.essex.ac.uk/id/eprint/5783 |