Testing the One-Part Fractional Response Model against an Alternative Two-Part Model
This note proposes a generalized two-part model for fractional response variables that nests the one-part model proposed by Papke and Wooldridge (1996). Consequently, a Wald test allows to discriminate between these two competing models. A small scale Monte Carlo simulation demonstrates that the proposed Wald test is properly sized and equipped with higher power than an alternative non-nested P-test.
|Date of creation:||05 Jan 2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +43 662 8044-3700
Fax: +43 662 8044-623
Web page: http://www.uni-salzburg.at/index.php?id=31318
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:sbgwpe:2011_001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jörg Paetzold)
If references are entirely missing, you can add them using this form.