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This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...
Persistent link: https://www.econbiz.de/10009363461
Trade policy has been a very contentious issue in the discourse on African development. Using panel data for 33 African countries spanning the period 1986-2000, we examine the relationship between trade liberalization and macroeconomic instability in Africa. We focus on instabilities in output,...
Persistent link: https://www.econbiz.de/10009365283
This paper attempts to build an aggregative, structural, macroeconometric model for India. Investment and output in the model are disaggregated into four sectors, viz., (a) agriculture including forestry & fishing, (b) manufacturing, (c) infrastructure, which includes power, transport,...
Persistent link: https://www.econbiz.de/10009365472
the GMM estimators of Lin and Lee (2006) and Kelejian and Prucha (2006), the IVQR estimator is robust against … heteroscedasticity. Unlike the GMM estimators, the IVQR estimator is also robust against outliers and requires weaker moment conditions … conventional QML estimator without taking into account of heteroscedasticity in the errors; it also outperforms the GMM estimators …
Persistent link: https://www.econbiz.de/10009365175
in Delhi It was observed that among all group aggregation methods, geometric mean method (GMM) - the most widely adopted …
Persistent link: https://www.econbiz.de/10009365374