Chiappini, Raphaël; Jégourel, Yves - Groupe de REcherche en Droit, Économie, Gestion … - 2014
This paper investigates the impact of both exchange rate and futures price volatility on bilateral cereals exports from France. Using the Poisson pseudo-maximum likelihood (PPML) estimator developed by Santos Silva and Tenreyro (2006) to deal with the problem of zero trade ows when estimating a...