@techreport{Frondel2010Fixed,
abstract = {This paper proposes a variant of the classical HAUSMAN specification test commonly employed to decide whether the estimation of a random-effects model is a viable alternative to estimating fixed effects. Whereas the classical test probes the equality of fixed- and random effects, the proposed variant focuses on the equality of between-groups and fixed-effects coefficients. While both test procedures lead to the same conclusions, the panel model specification underlying our testing strategy facilitates the simultaneous estimation of the fixed- and between-groups effects. As a consequence, we are able to examine both the equality of the whole range of coefficients as well as that of individual variables. The usefulness of the test is illustrated using a panel of household travel data for Germany.},
address = {Essen},
author = {Manuel Frondel and Colin Vance},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
isbn = {978-3-86788-179-1},
keywords = {C12; 330; Specification tests; fuel price elasticity; Panel; Statistischer Test; Theorie},
language = {eng},
number = {160},
publisher = {RWI},
title = {Fixed, random, or something in between? A variant of Hausman's specification test for panel data estimators},
type = {Ruhr economic papers},
url = {http://hdl.handle.net/10419/36982},
year = {2010}
}
