Empirical factor demand analysis typically involves making a choice from among several competing non-nested functional … testing procedures can provide additional information. Paired and joint univariate nonnested tests of a null model against … been paid to either paired or joint multivariate non-nested tests. This paper shows how some multivariate non-nested tests …

non-nested model selection tool in a similar fashion to the Rivers and Vuong (2002) framework. For this purpose, we first … selection purposes, under different assumptions about: i)model specification and ii) the data generating processes of two non-nested …

curvatures vanish. The effect of curvatures is shown in the non-nested hypothesis testing approach of Vuong (1989), and we …

a standard likelihood ratio test as both models are not nested. We propose to use the likelihood ratio test for non-nested …

a standard likelihood ratio test as both models are not nested. We propose to use the likelihood ratio test for non-nested …Testing Non-nested Demand Relations: Linear Expenditure System versus Indirect Addilog⁄ Paul de Boery Econometric …. We propose to use the likelihood ratio test for non-nested hypotheses due to Vuong (1989), or, alternatively, the …

When long maturity bonds are traded frequently and rational traders have non-nested information sets, speculative …