The University of Southampton
University of Southampton Institutional Repository

Congruence and encompassing

Bontemps, Christophe and Mizon, Grayham E. (2001) Congruence and encompassing , Southampton, UK University of Southampton 23pp. (Discussion Papers in Economics and Econometrics, 107).

Record type: Monograph (Discussion Paper)

Abstract

This paper considers the relationship between congruence and encompassing. Congruence is defined formally, and though it is not testable directly, it can be tested indirectly via tests of misspecification. Empirically more than one model can appear congruent, but that which encompasses its rivals is dominant, will encompass all models nested within it, and accurately predict the misspecifications of non-congruent models. These results are consistent with a general-to-specific modelling strategy being successful in practice. An empirical example illustrates these points.

PDF 0107.pdf - Other
Download (219kB)

More information

Published date: 2001
Keywords: data generation process, empirical model, general-to-specific modelling, encompassing, misspecification, specification

Identifiers

Local EPrints ID: 33101
URI: http://eprints.soton.ac.uk/id/eprint/33101
PURE UUID: b528ff7a-dfaa-4e30-8dd7-ef9502ff37c0

Catalogue record

Date deposited: 18 May 2006
Last modified: 17 Jul 2017 15:54

Export record

Contributors

Author: Christophe Bontemps
Author: Grayham E. Mizon

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×