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 journalArticle

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 languageEnglish (US)
Pages (from-to)101-105
Number of pages5
JournalEconomics Letters
Volume8
Issue number2
DOIs
StatePublished - 1981
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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