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Instrumental Models and Indirect Encompassing

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Author Info
Geert Dhaene
Christian Gourieroux
Olivier Scaillet

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Abstract

Methods of indirect, simulation-based inference for nested and nonnested hypotheses are developed. The methods make use of instrumental models and are applicable in cases where likelihood-based inference is numerically unfeasible. The asymptotic normality of an indirect Wald vector is shown and the implicit null hypotheses of the proposed tests are characterized as generalizations of the standard encompassing hypothesis. Some of the tests generalize well-known instrumental variable methods and Hausman-Wu specification tests.

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Publisher Info
Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 66 (1998)
Issue (Month): 3 (May)
Pages: 673-688
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Handle: RePEc:ecm:emetrp:v:66:y:1998:i:3:p:673-688

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  1. Ramdan Dridi & Eric Renault, 2000. "Semi-Parametric Indirect Inference," STICERD - Econometrics Paper Series /2000/392, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
  2. Chesher, Andrew & Dhaene, Geert & Gouriéroux, Christian & Scaillet, Olivier, 1999. "Bartlett Identities Tests," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1999019, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
    Other versions:
    • Andrew Chesher ; Geert Dhaene ; Christian Gourieroux ; Olivier Scaillet, . "Bartlett Identities Tests," Working Papers 99-32, Centre de Recherche en Economie et Statistique. [Downloadable!]
    • CHESHER, Andrew & DHAENE, Geert & GOURIEROUX, Christian & SCAILLET, Olivier, 1999. "Bartlett identities tests," CORE Discussion Papers 1999039, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
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This page was last updated on 2010-8-28.


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