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About On a test for structural stability of euler conditions parameters estimated via the generalized method of moments estimator: small sample properties
This paper presents Monte Carlo experiments on the small sample performance of the predictive test for structural change proposed by Ghysels and Hall. The predictive test was found to be more powerful than the overidentifying restrictions test in terms of size-corrected power when a shift in parameter has occurred. Also, it was found that the power of the predictive test decreases drastically as the number of the out-sample data decreases.
Detailed Information
| Author: | Shigeyuki Hamori, Shin-ichi Kitasaka, Hisashi Tanizaki |
|---|---|
| Publication Year: | 1996 |
| ISBN: | 138077 |
| Pages: | 20 |
| Language: | English |
| File Size: | 3.382 |
| Format: | |
| Price: | FREE |
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