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The HMR model extends the classical gravity model of trade to correct for the large number of zeros in the world trade … the world trade data into OECD and non-OECD countries. The extensive margin should be both economically and statistically …
Persistent link: https://www.econbiz.de/10008490566
multilateral trade resistance terms in the estimation of a gravity equation introduces important biases in the results, although …
Persistent link: https://www.econbiz.de/10005022259
countries across the world (225 countries in the current version of the database). For most of them, different calculations of …
Persistent link: https://www.econbiz.de/10009644848
partners whose importance has been gradually shifting eastwards. We employ Fixed Effects and Random Effects as estimation …
Persistent link: https://www.econbiz.de/10010762658
Firm-level regressions show that Champagne producers that receive better ratings from wine guides also export to more markets, charge higher prices, and sell more in each market. Our method corrects for a severe selection bias predicted by the model. By using direct measures of quality, we can...
Persistent link: https://www.econbiz.de/10008493420
-stage estimation procedure that accounts for a sample-selection bias and firm-level heterogeneity. Second, the Hausman-Taylor method is …
Persistent link: https://www.econbiz.de/10008493791
Persistent link: https://www.econbiz.de/10005062828
Arguably, the Commonwealth of Independent States (CIS) countries are not as integrated into the world markets as the EU … the ‘in-sample’ estimation of the trade potential based on the deviation of residuals from the linear prediction is …
Persistent link: https://www.econbiz.de/10005464587
Persistent link: https://www.econbiz.de/10005406637
Recent literature suggests that product characteristics assert different distance sensitivity on trade flows. But the empirical evidences still find conflicting results. Previous studies have examined the effect of distance on the export decisions across different product groups at the aggregate...
Persistent link: https://www.econbiz.de/10010734800