Fixed, random, or something in between? A variant of HAUSMAN's specification test for panel data estimators
| dc.contributor.author | Frondel, Manuel | |
| dc.contributor.author | Vance, Colin | |
| dc.date.accessioned | 2010-02-02T10:40:37Z | |
| dc.date.available | 2010-02-02T10:40:37Z | |
| dc.date.issued | 2010-02-02T10:40:37Z | |
| dc.description.abstract | This paper proposes a variant of the classical HAUSMAN specification test commonly employed to decide whether the estimation of a random-effects model is a viable alternative to estimating fixed effects. Whereas the classical test probes the equality of fixed- and random effects, the proposed variant focuses on the equality of between-groups and fixed-effects coefficients. While both test procedures lead to the same conclusions, the panel model specification underlying our testing strategy facilitates the simultaneous estimation of the fixed- and between-groups effects. As a consequence, we are able to examine both the equality of the whole range of coefficients as well as that of individual variables. The usefulness of the test is illustrated using a panel of household travel data for Germany. | en |
| dc.identifier.uri | http://hdl.handle.net/2003/26638 | |
| dc.identifier.uri | http://dx.doi.org/10.17877/DE290R-12782 | |
| dc.language.iso | en | |
| dc.relation.ispartofseries | Discussion Paper / SFB 823;02/2010 | |
| dc.subject | Fuel price elasticity | en |
| dc.subject | Specification tests | en |
| dc.subject.ddc | 310 | |
| dc.subject.ddc | 330 | |
| dc.subject.ddc | 620 | |
| dc.title | Fixed, random, or something in between? A variant of HAUSMAN's specification test for panel data estimators | en |
| dc.type | Text | |
| dc.type.publicationtype | report | |
| dcterms.accessRights | open access |