IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v70y1988i3p713-723..html
   My bibliography  Save this article

Specification Tests for the Partial Adjustment and Adaptive Expectations Models

Author

Listed:
  • Howard E. Doran

Abstract

The partial adjustment and adaptive expectations hypotheses give rise to simple dynamic models with a long history in empirical research. Tests of their adequacy, however, do not appear to figure prominently in the literature. Specification tests are derived by nesting these two models in the more general partial adjustment-adaptive expectations model and deriving the likelihood ratio, Lagrange multiplier, and Wald tests. Monte-carlo experiments are conducted to assess the power of these tests (together with other tests, including Durbin's h-test) for small samples.

Suggested Citation

  • Howard E. Doran, 1988. "Specification Tests for the Partial Adjustment and Adaptive Expectations Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 713-723.
    • Handle: RePEc:oup:ajagec:v:70:y:1988:i:3:p:713-723.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1241510
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amina Al Naabi & Shekar Bose, 2020. "Do Regulatory Measures Necessarily Affect Oman’s Seafood Export-Supply?," SAGE Open, , vol. 10(3), pages 21582440209, August.
    2. Burton, Diana M. & Love, H. Alan, 1996. "A Review of Alternative Expectations Regimes in Commodity Markets: Specification, Estimation, and Hypothesis Testing Using Structural Models," Agricultural and Resource Economics Review, Cambridge University Press, vol. 25(2), pages 213-231, October.
    3. baharumshah, ahmad, 1991. "Specification Issues and the Estimation of Supply Equation for Rice in Malaysia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 24(December), pages 3-16.
    4. Lin, Winston T. & Chen, Yueh H. & Hung, TingShu, 2019. "A partial adjustment valuation approach with stochastic and dynamic speeds of partial adjustment to measuring and evaluating the business value of information technology," European Journal of Operational Research, Elsevier, vol. 272(2), pages 766-779.
    5. Lin, Winston T. & Kao, Ta-Wei (Daniel), 2014. "The partial adjustment valuation approach with dynamic and variable speeds of adjustment to evaluating and measuring the business value of information technology," European Journal of Operational Research, Elsevier, vol. 238(1), pages 208-220.
    6. Emmanuel Tambi, N., 1996. "The dynamics of household beef consumption in Cameroon," Agricultural Economics, Blackwell, vol. 14(1), pages 11-19, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:70:y:1988:i:3:p:713-723.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.