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Empirical Likelihood-Based Selection Criteria for Moment Condition Models

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Author Info
Han Hong
Bruce Preston
Matthew Shum

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Abstract

In this note we propose model selection criteria (MSC) for unconditional moment models using empirical likelihood (EL) statistics in the construction of the MSC The use of EL-statistics in lieu of the more common J-statistics leads to a much more transparent interpretation of the MSC by providing a closer analogy with MSC in standard parametric likelihood models and underlying the common likelihood- (or information-) based underlying model selection procedures for bothe parametric as well as semi-parametric models

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Paper provided by The Johns Hopkins University,Department of Economics in its series Economics Working Paper Archive with number 459.

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Date of creation: Nov 2001
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Handle: RePEc:jhu:papers:459

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