Bjellerup, Mårten; Holgersson, Thomas - In: Applied Economics 41 (2009) 11, pp. 1405-1416
Since many macroeconomic models are linear, it is not desirable to use them with an asymmetric dependent variable. In this article, we formulate a univariate test for symmetry, based on the third central moment and extend it to a multivariate test; the test does not require modelling and it is...