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System Misspecification Testing And Structural Change In The Demand For Meats

Author

Listed:
  • McGuirk, Anya M.
  • Driscoll, Paul J.
  • Alwang, Jeffrey Roger
  • Huang, Huilin

Abstract

A misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions between, all equations in the system and can be used in a wide variety of applications where systems of equations are estimated. The system testing approach is demonstrated by modeling U.S. consumer demand for meats. The example illustrates how the approach can be used to disentangle issues regarding structural change and other forms of model misspecification.

Suggested Citation

  • McGuirk, Anya M. & Driscoll, Paul J. & Alwang, Jeffrey Roger & Huang, Huilin, 1995. "System Misspecification Testing And Structural Change In The Demand For Meats," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-21, July.
    • Handle: RePEc:ags:jlaare:30938
    DOI: 10.22004/ag.econ.30938
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    References listed on IDEAS

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    Keywords

    Demand and Price Analysis;

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