| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5857 |
| DP5857 Terms of Trade Shocks in an Intertemporal Model: Should We Worry about the Dutch Disease or Excessive Borrowing? | |
| David Vines; Karlygash Kuralbayeva | |
| 发表日期 | 2006-10-01 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper provides a minimalist derivation of the gravity equation and uses it to identify three common errors in the literature, what we call the gold, silver and bronze medal errors. The paper provides estimates of the size of the biases taking the currency union trade effect as an example. We generalize Anderson-Van Wincoop?s multilateral trade resistance factor (which only works with cross section data) to allow for panel data and then show that it can be dealt with using time-varying country dummies with omitted determinants of bilateral trade being dealt with by time-invariant pair dummies. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Country dummies Gravity equation Pair dummies |
| URL | https://cepr.org/publications/dp5857 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534695 |
| 推荐引用方式 GB/T 7714 | David Vines,Karlygash Kuralbayeva. DP5857 Terms of Trade Shocks in an Intertemporal Model: Should We Worry about the Dutch Disease or Excessive Borrowing?. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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