haku: @author Egger, P. / yhteensä: 12
viite: 9 / 12
| Tekijä: | Egger, P. |
| Otsikko: | An Econometric View on the Estimation of Gravity Models and the Calculation of Trade Potentials |
| Lehti: | World Economy
2002 : FEB, VOL. 25:2, p. 297-312 |
| Asiasana: | ECONOMICS MODELS TRADE ANALYTICAL REVIEW |
| Kieli: | eng |
| Tiivistelmä: | This paper provides insights into the relevance of the appropriate estimator choice for the analysis of bilateral trade flows. The author compares different estimators part of which have been used in previous studies and provide insights that none of the previously used estimators is appropriate in terms of consistency and/or efficiency in my application. The author argues that three problems should be kept in mind when estimating gravity models and/or calculating trade potentials. The paper states that traditionally estimated time-averaged cross- section gravity models are very likely to be misspecified since they ignore the presence of exporter and importer effects without testing for their relevance. |
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