| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10428 |
| DP10428 GLM estimation of trade gravity models with fixed effects | |
| Peter Egger | |
| 发表日期 | 2015-02-15 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Many empirical gravity models are now based on generalized linear models (GLM), of which the Poisson pseudo-maximum likelihood estimator is a prominent example and the most-frequently used estimator. Previous literature on the performance of these estimators has primarily focussed on the role of the variance function for the estimators? behavior. We add to this literature by studying the small-sample performance of estimators in a data-generating process that is fully consistent with general equilibrium economic models of international trade. Economic theory suggests that (i) importer- and exporter-specific effects need to be accounted for in estimation, and (ii) that they are correlated with bilateral trade costs through general-equilibrium (or balance-of-payments) restrictions. We compare the performance of structural estimators, fixed effects estimators, and quasi-differences estimators in such settings, using the GLM approach as a unifying framework. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Gravity models Generalized linear models Fixed effects |
| URL | https://cepr.org/publications/dp10428 |
| 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/539260 |
| 推荐引用方式 GB/T 7714 | Peter Egger. DP10428 GLM estimation of trade gravity models with fixed effects. 2015. |
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