Exact Finite Sample Test Statistics for Restricted Reduced Forms: A Generalization of "Students" Result.
Test statistics and estimators for reduced-form coefficients involved in overidentifying exclusion restrictions are proposed. The test statistics, under the null hypothesis, do not depend on unknown parameters. One of the test statistics is exactly a "Student" "t" under the null hypothesis. A two equation (supply/demand) framework is used , but generalizations are suggested. Copyright 1987 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
Year of publication: |
1987
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Authors: | McCarthy, Michael D |
Published in: |
International Economic Review. - Department of Economics. - Vol. 28.1987, 1, p. 259-69
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Publisher: |
Department of Economics |
Saved in:
Online Resource
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