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Author:Egger, P.
Title:Estimating regional trading bloc effects with panel data
Journal:Review of World Economics
2004 : VOL. 140:1, p. 151-166
Index terms:Econometrics
Models
Freeterms:Trading bloc effects
Language:eng
Abstract:The paper suggests using a trick when estimating regional trading bloc (here: tr.b.) effects on bilateral trade volumes with panel data. Tr.b. dummies exhibit small variation over time. They should enter the specification twice, once in their original form and once as the between-effects component. Then, one obtains long-run and short-run effects of tr.b.s on trade volumes. The paper suggests three different models to tackle this problem.
SCIMA record nr: 253747
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