Controlling for Heterogeneity in Gravity Models of Trade and Integration

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Controlling for Heterogeneity in Gravity  
Models of Trade and Integration


I-Hui Cheng
and  
Howard J. Wall  

  
Working Paper 1999-010D
http://www.pinggu.org/bbs/viewthread.php?tid=397908&page=1&from^^user=wusi126

Revised May  2003
FEDERAL RESERVE BANK OF ST. LOUIS
Research Division
411 Locust Street
St. Louis, MO 63102

This paper argues that it is necessary to allow for country-pair heterogeneity when using the gravity model to estimate international trade flows.  We propose and estimate a general fixed-effects model to eliminate the heterogeneity bias inherent in standard methods.  We also compare our model to other fixed-effects models, all of which are special cases of ours.  Because the gravity model has become the ‘workhorse’ baseline model for estimating the effects of international integration, this has important empirical implications.  In particular, our results suggest that standard gravity estimates of the effects of integration can differ a great deal from what is obtained when heterogeneity is accounted for.  (JEL F15, F17)

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：controlling Integration rolling Gravity control models Trade Integration Gravity controlling