Testing the one-part fractional response model against an alternative two-part model

Harald Oberhofer and Michael Pfaffermayr

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. -- Fractional response models ; two-part model ; Wald test ; P-test

MoreLess

Year of publication:	2011
Authors:	Oberhofer, Harald ; Pfaffermayr, Michael
Publisher:	Salzburg : Univ., SOWI
Subject:	Schätztheorie \| Estimation theory \| Modellierung \| Scientific modelling

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource (7 S.)
Series:	University of Salzburg working papers in economics and finance. - Salzburg : SOWI, ZDB-ID 2708885-6. - Vol. 2011-01
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/71866 [Handle]
Classification:	C12 - Hypothesis Testing ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C21 - Cross-Sectional Models; Spatial Models ; C25 - Discrete Regression and Qualitative Choice Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009731099