Shiba, Tsunemasa; Tsurumi, Hiroki - In: International Economic Review 29 (1988) 2, pp. 377-95
Bayesian and non-Bayesian statistics are derived for testing whether or not two blocks of seemingly unrelated regressions are independent. The non-Bayesian statistics are the likelihood ratio test (LRT), Wald's test (WT), and the Lagrange multiplier test (LMT). The authors interpret the LMT and...
