On the Asymptotic Optimality of Alternative Minimum-Distance Estimators in Linear Latent-Variable Models

B-Tier
Journal: Econometric Theory
Year: 1994
Volume: 10
Issue: 5
Pages: 867-883

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

In the context of linear latent-variable models, and a general type of distribution of the data, the asymptotic optimality of a subvector of minimum-distance estimators whose weight matrix uses only second-order moments is investigated. The asymptotic optimality extends to the whole vector of parameter estimators, if additional restrictions on the third-order moments of the variables are imposed. Results related to the optimality of normal (pseudo) maximum likelihood methods are also encompassed. The results derived concern a wide class of latent-variable models and estimation methods used routinely in software for the analysis of latent-variable models such as LISREL, EQS, and CALIS. The general results are specialized to the context of multivariate regression and simultaneous equations with errors in variables.

Technical Details

RePEc Handle
repec:cup:etheor:v:10:y:1994:i:05:p:867-883_00
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-29