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 | |
| State | Published - 1981 |
| Externally published | Yes |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
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Bera, A. K., Byron, R. P., & Jarque, C. M. (1981). Further evidence on asymptotic tests for homogeneity and symmetry in large demand systems. Economics Letters, 8(2), 101-105. https://doi.org/10.1016/0165-1765(81)90001-X