Diagnostic Testing of Finite Moment Conditions for the Consistency and Root-N Asymptotic Normality of the GMM and M Estimators

A-Tier
Journal: Journal of Business & Economic Statistics
Year: 2023
Volume: 41
Issue: 2
Pages: 339-348

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

Common econometric analyses based on point estimates, standard errors, and confidence intervals presume the consistency and the root-n asymptotic normality of the GMM or M estimators. However, their key assumptions that data entail finite moments may not be always satisfied in applications. This article proposes a method of diagnostic testing for these key assumptions with applications to both simulated and real datasets.

Technical Details

RePEc Handle
repec:taf:jnlbes:v:41:y:2023:i:2:p:339-348
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-29