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The objective of this manuscript is to serve as a practical guide for estimations with the structural gravity model. After a brief review of the theoretical foundations, we summarize the main challenges with gravity estimations and we review the solutions to address those challenges. Then, we...
Persistent link: https://www.econbiz.de/10011509468
We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models …
Persistent link: https://www.econbiz.de/10011384362
Starting with Tinbergen (1962), quantifying the effects of regional trade agreements (RTAs) on international trade flows has always been among the most popular topics in the trade literature. Also not surprisingly, to estimate the effects of RTAs, most researchers and policy analysts have relied...
Persistent link: https://www.econbiz.de/10013540804
We introduce a new hybrid approach to joint estimation of Value at Risk (VaR) and Expected Shortfall (ES) for high … lower cost in capital reserves. In ES estimation the hybrid model yields the smallest error statistics surpassing even the …
Persistent link: https://www.econbiz.de/10003891679
This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse's (2009) generalization of Hall's (1990) approach, allowing for the possibility that wages are...
Persistent link: https://www.econbiz.de/10003974678
Persistent link: https://www.econbiz.de/10003497528
the question whether the omission of important control variables in matching estimation leads to biased impact estimates … as detailed regional characteristics are also relevant. -- training ; job search assistance ; matching estimation …
Persistent link: https://www.econbiz.de/10009011187
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10009488893
routinely in applied work. We establish the consistency of the impulse response matching estimator in this situation, we derive …
Persistent link: https://www.econbiz.de/10011418016
This paper provides a new comparative analysis of pooled least squares and fixed effects estimators of the slope coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed to increase without bounds. The individual effects...
Persistent link: https://www.econbiz.de/10011283819