MONITORING STRUCTURAL CHANGES WITH THE GENERALIZED FLUCTUATION TEST

B-Tier
Journal: Econometric Theory
Year: 2000
Volume: 16
Issue: 6
Pages: 835-854

Authors (3)

Leisch, Friedrich (not in RePEc) Hornik, Kurt (not in RePEc) Kuan, Chung-Ming (National Taiwan University)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper we introduce the generalized fluctuation test for monitoring structural changes and establish a result characterizing the limiting behavior of this class of tests. As applications of the generalized fluctuation test, tests based on the maximum and range of the fluctuation of moving estimates are proposed. We also derive the boundary functions for the proposed tests and tabulate simulated critical values. Our simulations indicate that these tests compare favorably with the recursive-estimates-based test considered by Chu, Stinchcombe, and White (1996, Econometrica 64, 1045–1065) when a change occurs late.

Technical Details

RePEc Handle
repec:cup:etheor:v:16:y:2000:i:06:p:835-854_16
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25