caa a22 4500 386371806 CHVBK 20180307112000.0 cr unu---uuuuu 161130e198904 xx s 000 0 eng 10.1017/S0266466600012275 doi S0266466600012275 pii (NATIONALLICENCE)cambridge-10.1017/S0266466600012275 Some Power Comparisons of Joint and Paired Tests for Nonnested Models under Local Hypotheses [Elektronische Daten] This paper compares the asymptotic local power properties of some tests of a null model against a single nonnested alternative and against multiple nonnested alternatives, denoted hereafter as paired and joint tests, respectively. It is demonstrated that the ranking of tests on the basis of asymptotic local powers depends on the choice of local hypothesis. When a local null hypothesis is employed, it is not possible to rank the Wald and Cox-type paired or joint tests. However, when the local hypothesis is specified with reference to one of the alternative models under consideration, a ranking of different test procedures becomes possible. Under a local alternative hypothesis, it is shown that the paired Wald test will never have greater asymptotic local power than a paired Cox-type test. Copyright © Cambridge University Press 1989 Dastoor Naorayex K. University of Alberta McAleer Michael Australian National University Econometric Theory Cambridge University Press 5/1(1989-04), 83-94 0266-4666 5:1<83 1989 5 ECT https://doi.org/10.1017/S0266466600012275 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0266466600012275 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dastoor Naorayex K. University of Alberta NATIONALLICENCE 700 1- McAleer Michael Australian National University NATIONALLICENCE 773 0- Econometric Theory Cambridge University Press 5/1(1989-04), 83-94 0266-4666 5:1<83 1989 5 ECT CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge