| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11894 |
| DP11894 Comparing Apples to Apples: Estimating Consistent Partial Effects of Preferential Economic Integration Agreements | |
| Peter Egger | |
| 发表日期 | 2017-03-09 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Trade and trade policy such as the membership in preferential economic integration agreements (PEIAs; e.g., customs unions or free-trade areas) are jointly determined by the same factors. Therefore, work on the causal effects of trade policy on trade relies on the selection on observables, with propensity-score matching being the leading example. Conditional on some compact metric (the score) of observable joint determinants of PEIAs and trade flows, the causal average partial effect of PEIAs on trade is obtained from a simple (weighted) mean comparison of trade flows between members and non-members. A key prerequisite for this approach to obtain consistent estimates is that the score is balanced: similarity of country pairs in the score (the propensity of PEIA membership) means similarity in each and everyone of the observables behind it. Otherwise the effect estimates may be biased, and one would mis-ascribe nonparametric effects of differences in individual observables to PEIA membership. We demonstrate that there is a severe upward bias of PEIA effects on trade flows from lack of covariate balancing in real-world data, employ a remedy of this bias through entropy balancing, and quantify the bias for partial as well as general-equilibrium effects. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Preferential economic integration agreements Causal effects Propensity score estimation Entropy balancing Weighting regression Balancing property Gravity models |
| URL | https://cepr.org/publications/dp11894 |
| 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/540706 |
| 推荐引用方式 GB/T 7714 | Peter Egger. DP11894 Comparing Apples to Apples: Estimating Consistent Partial Effects of Preferential Economic Integration Agreements. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Peter Egger]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Peter Egger]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Peter Egger]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
