A cautionary note on tests of overidentifying restrictions
In this note, we argue that tests of overidentifying restrictions give little information on the validity of the moment conditions implied by the underlying economic model, and therefore are mute about the possibility of identifying the parameters of interest.
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- Helena Holmlund & Mikael Lindahl & Erik Plug, 2011.
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- Rembert De Blander, 2008. "Which null hypothesis do overidentification restrictions actually test?," Economics Bulletin, AccessEcon, vol. 3(76), pages 1-9.
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- repec:ebl:ecbull:v:3:y:2008:i:76:p:1-9 is not listed on IDEAS
- Joshua D. Angrist & Kathryn Graddy & Guido W. Imbens, 2000. "The Interpretation of Instrumental Variables Estimators in Simultaneous Equations Models with an Application to the Demand for Fish," Review of Economic Studies, Oxford University Press, vol. 67(3), pages 499-527. Full references (including those not matched with items on IDEAS)
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