Econometrica: Nov 1982, Volume 50, Issue 6

Estimation and Hypothesis Testing in Dynamic Singular Equation Systems

https://doi.org/0012-9682(198211)50:6<1559:EAHTID>2.0.CO;2-C
p. 1559-1572

G. J. Anderson, R. W. Blundell

The estimation and testing of a singular equation system in the context of a general dynamic specification is considered. In an application to factor demand equations, hypotheses suggested by economic theory are expressed in terms of the long run structure of the system under alternative dynamic specifications. Variations in the dynamic specification are found to have a significant impact upon the inferences that can be made about the long run structure.

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