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The misuse of the Vuong test for non-nested models to test for zero-inflation

Wilson, Paul
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Wilson, Paul
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2015-02
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Subjects
Non-nested models
 Zero-inflation
 Vuong test
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Misusevuong.pdf
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Abstract
The Vuong test for non-nested models is being widely used as a test of zero-inflation. We show that such use is erroneous. We see that this stems from a misunderstanding of what is meant by the term “non-nested model” and suggest other approaches for determining zero-inflation.
Citation
The misuse of the Vuong test for non-nested models to test for zero-inflation 2015, 127:51 Economics Letters
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Journal
Economics Letters
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URI
http://hdl.handle.net/2436/621118
DOI
10.1016/j.econlet.2014.12.029
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http://linkinghub.elsevier.com/retrieve/pii/S016517651400490X
Type
Journal article
Language
en
Description
A very similar version of this paper has been available at: http://cybermetrics.wlv.ac.uk/paperdata/misusevuong.pdf since 23-Jul-2014
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01651765
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