Title: Omitted Variable Tests and Dynamic Specification: An Application to Demand Homogeneity (Lecture Notes in Economics and Mathematical Systems, 488)
Publisher: Springer
Publication Date: 2000
Language: English
ISBN 10: 354067358X
ISBN 13: 9783540673583
Binding: Soft cover
Condition: New

About this title

Synopsis

This book deals with the omitted variable tests for a multivariate time-series regression model. What are the consequences of testing for the omission of a variable when the model is dynamically misspecified? What is the small sample bias of the omitted variable test when the model dynamics is correctly specificfied? The answers to these questions are proposed in this book. As an empirical illustration, the analysis is applied to the homogeneity test of a demand system. I particularly thank Professor Dr. Philippe J. Deschamps who draw my attention on this subject and who made very helpful comments and sugges� tions. Additionally, I would like to thank Professor Dr. Reiner Wolff for his comments especially on the chapter dealing with consumer theory. Special thanks go to Maria Jose Redondo, who read this book several times and for the inspiring discussions with her. I would also like to thank Dr. Ali Vak� ili (always ready to answer any questions in mathematics), Prof. Dr. Hans Wolf gang Brachinger, Curzio De Gottardi, Peter Mantsch, Dr. Paul-Andre Monney, Dr. Uwe Steinhauser, Leon Stroeks and Dr. Peter Windlin. Frances Angell improved the English of this work. The research for this book had been financially supp�rted by the Univer� site de Fribourg (Switzerland). Finally, I appreciated the support from Springer-Verlag and I thank Dr.

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