On the Usefulness or Lack Thereof of Optimality Criteria for Structural Change Tests
نویسندگان
چکیده
منابع مشابه
On the Usefulness or Lack Thereof of Optimality Criteria for Structural Change Tests∗
Elliott and Müller (2006) considered the problem of testing for general types of parameter variations, including infrequent breaks. They developed a framework that yields optimal tests, in the sense that they nearly attain some local Gaussian power envelop. The main ingredient in their setup is that the variance of the process generating the changes in the parameters must go to zero at a fast r...
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ژورنال
عنوان ژورنال: Econometric Reviews
سال: 2014
ISSN: 0747-4938,1532-4168
DOI: 10.1080/07474938.2014.977621