Spurious Structural Stability
Ronald Smith
The Manchester School of Economic & Social Studies, 1991, vol. 59, issue 4, 419-23
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. Copyright 1991 by Blackwell Publishers Ltd and The Victoria University of Manchester
Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (1)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:59:y:1991:i:4:p:419-23
Access Statistics for this article
More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().