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By combining two alternative formulations of a test statistic with two alternative resampling schemes we obtain four …
Persistent link: https://www.econbiz.de/10005137131
In practice structural equations are often estimated by least-squares, thus neglecting any simultaneity. This paper reveals why this may often be justifiable and when. Assuming data stationarity and existence of the first four moments of the disturbances we find the limiting distribution of the...
Persistent link: https://www.econbiz.de/10005137201