Two new specification tests for overidentifying restrictions proposed by Hahn and Hausman (2002:b) are here tested and compared to the classical Sargan test. Power properties are found to be very similar in overall performance, while Sargan generally has better size than the new tests. Also, size is distorted for one of the new tests, thus a tendency to reject prevails. In addition, sometimes severe bias is found which affects the tests’ performances, something that differs from earlier studies.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-6367 |
| Date | January 2006 |
| Creators | Tongur, Can |
| Publisher | Uppsala universitet, Nationalekonomiska institutionen, Uppsala : Nationalekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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