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- W4285051723 abstract "This paper develops a consistent series-based specification test for semiparametric panel data models with fixed effects. The test statistic resembles the Lagrange Multiplier (LM) test statistic in parametric models and is based on a quadratic form in the restricted model residuals. The use of series methods facilitates both estimation of the null model and computation of the test statistic. The asymptotic distribution of the test statistic is standard normal, so that appropriate critical values can easily be computed. The projection property of series estimators allows me to develop a degrees of freedom correction. This correction makes it possible to account for the estimation variance and obtain refined asymptotic results. It also substantially improves the finite sample performance of the test." @default.
- W4285051723 created "2022-07-13" @default.
- W4285051723 creator A5012798571 @default.
- W4285051723 date "2019-09-12" @default.
- W4285051723 modified "2023-09-25" @default.
- W4285051723 title "A Consistent LM Type Specification Test for Semiparametric Panel Data Models" @default.
- W4285051723 doi "https://doi.org/10.48550/arxiv.1909.05649" @default.
- W4285051723 hasPublicationYear "2019" @default.
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