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Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992'
Brenton, Paul; Winters, L. Alan - C.E.P.R. Discussion Papers - 1992
In this paper we use detailed trade and production data and a theoretically consistent model of demand - the Almost Ideal Demand System - to estimate bilateral trade elasticities, the key parameters required for quantification of the effects of the `1992' programme. Initial results for 70 West...
Persistent link: https://www.econbiz.de/10005123957
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The Estimation of Linear Models with Future Rational Expectations by Efficient and Instrumental Variable Methods
Wickens, Michael R. - C.E.P.R. Discussion Papers - 1986
This paper considers the estimation of a number of commonly used single-equation linear models, all of which have … proposed in each case. The choice of estimation method is usually represented as a trade-off between efficiency on the one hand … of an efficient estimation method depends on whether or not the model has a unique solution and often this will not be …
Persistent link: https://www.econbiz.de/10005656310