Title of article :
The mean effect of structural change on the dependent variable is accurately measured by the intercept change alone
Author/Authors :
Richard S. Higgins، نويسنده , , Paul A. Johnson، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
This note studies two common econometric models used to measure the effects of structural change. The more complicated model allows the intercept as well as slope coefficients to change. The simpler model only allows the intercept to change. We present conditions under which the simpler model gives an unbiased measure of the effect of structural change, and is the more efficient estimator.
Keywords :
Dummy variables , Overcharge
Journal title :
Economics Letters
Journal title :
Economics Letters