Toward a unified approach to testing for weak separability

Barry Jones, David Edgerton, Thomas Elger, Donald Dutkowsky

Research output: Contribution to journalArticle

5 Scopus citations

Abstract

In this paper we propose a unified framework for testing weak separability. We present a new three-step procedure, which is a joint test of necessary and sufficient conditions that takes account of possible measurement error and incomplete adjustment. We illustrate the operational capability of the procedure with an empirical example. Our procedure works well in medium sized samples, but at the present time may not be practical for datasets with extremely large sample sizes. As computing technology continues to advance, however, high-powered methods like the one we propose should supplant testing approaches that were originally designed to circumvent computational limitations.

Original languageEnglish (US)
JournalEconomics Bulletin
Volume3
Issue number1
StatePublished - Dec 1 2005

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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