Further evidence on asymptotic tests for homogeneity and symmetry in large demand systems

A. K. Bera; R. P. Byron; C. M. Jarque

doi:10.1016/0165-1765(81)90001-X

Further evidence on asymptotic tests for homogeneity and symmetry in large demand systems

A. K. Bera, R. P. Byron, C. M. Jarque

Research output: Contribution to journal › Article › peer-review

Abstract

The asymptotically equivalent Lagrange multiplier, likelihood ratio and Wald tests are compared when testing for homogeneity and symmetry. The need for size correction becomes apparent as does the superior performance of the LM test under H₀.

Original language	English (US)
Pages (from-to)	101-105
Number of pages	5
Journal	Economics Letters
Volume	8
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(81)90001-X
State	Published - 1981
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(81)90001-X

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title = "Further evidence on asymptotic tests for homogeneity and symmetry in large demand systems",

abstract = "The asymptotically equivalent Lagrange multiplier, likelihood ratio and Wald tests are compared when testing for homogeneity and symmetry. The need for size correction becomes apparent as does the superior performance of the LM test under H0.",

author = "Bera, {A. K.} and Byron, {R. P.} and Jarque, {C. M.}",

year = "1981",

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AU - Bera, A. K.

AU - Byron, R. P.

AU - Jarque, C. M.

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JO - Economics Letters

JF - Economics Letters

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Further evidence on asymptotic tests for homogeneity and symmetry in large demand systems

Abstract

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