Journal article

Wald tests for the independence of stochastic variables and disturbance of a single linear stochastic simultaneous equation

RJ Smith

Economics Letters | Published : 1985

Abstract

Wald test statistics are obtained for the independence of a subset of stochastic regressors and disturbance in a limited information simultaneous equations framework. Simple regressions for obtaining the statistics are presented. The statistics are briefly compared with Hausman and Taylor's (1981) specification test. © 1985.

University of Melbourne Researchers