Smith, Ron P. (1991) Spurious structural stability. The Manchester School of Economic & Social Studies 59 (4), pp. 419-423.
Abstract
It is well known that the omission of variables from a model with constant parameters can induce the appearance of structural instability if the correlation between the included and omitted variables should change. What is less appreciated is that the converse is also true. The omission of variables from a model with changing parameters can induce the appearance of structural stability. This note provides an example and discusses the circumstances under which the phenomenon is likely.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Sarah Hall |
| Date Deposited: | 10 Nov 2020 17:21 |
| Last Modified: | 02 Aug 2023 18:05 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/41401 |
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
