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empirical models specified and estimated are often referred to as gravity models, accruing to their functionalform similarity to … Newton's law of gravity in physics. As Newton's model, gravity models of international trade or factor flows are (at least … the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting their …
Persistent link: https://www.econbiz.de/10010237192
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Many data situations require the consideration of network effects among the cross-sectional units of observation. In this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the right-hand side of the model, namely through weighted...
Persistent link: https://www.econbiz.de/10012306579
Persistent link: https://www.econbiz.de/10014303663
empirical models specified and estimated are often referred to as gravity models, accruing to their functional-form similarity … to Newton's law of gravity in physics. As Newton's model, gravity models of international trade or factor flows are (at … structure of the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting …
Persistent link: https://www.econbiz.de/10010333385
Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed significant new developments, both on the theoretical...
Persistent link: https://www.econbiz.de/10012426582
second one by Kapoor, Kelejian, and Prucha (2007). Our encompassing specification allows us to test for these models as …
Persistent link: https://www.econbiz.de/10010288235
This paper develops an estimator for higher-order spatial autoregressive panel data error component models with spatial …
Persistent link: https://www.econbiz.de/10003808637
Persistent link: https://www.econbiz.de/10003446926
Persistent link: https://www.econbiz.de/10008779884