MISSPECIFICATION IN SIMULTANEOUS SYSTEMS: AN ALTERNATIVE TEST AND ITS APPLICATION TO A MODEL OF THE SHRIMP MARKET
| dc.creator | Lea, J.D. | |
| dc.creator | Shonkwiler, John Scott | |
| dc.date | 2017-04-01T19:49:55Z | |
| dc.date.accessioned | 2026-07-09T04:04:37Z | |
| dc.description | Concern over the effects of public policies based on misspecified econometric models motivates interest in a procedure to test, diagnose, and improve the specification of models that have been estimated with three-stage least squares. A test of system-wide specification based on Hausman's specification test is employed in a test of the a priori restrictions placed on the parameters of a structural model of the U.S. shrimp market. The null hypothesis of proper specification is rejected. After diagnosis via a comparison of unrestricted and restricted reduced forms and respecification, the null hypothesis cannot be rejected. | |
| dc.identifier | doi:10.22004/ag.econ.29267 | |
| dc.identifier | https://ageconsearch.umn.edu/record/29267/files/20020065.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/29267 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/544438 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/29267 | |
| dc.title | MISSPECIFICATION IN SIMULTANEOUS SYSTEMS: AN ALTERNATIVE TEST AND ITS APPLICATION TO A MODEL OF THE SHRIMP MARKET | |
| dc.type | Text |