Institutions take essential roles in the organization of social life. Ranging from institutionalized informal practices to strict laws and regulations and various public and private organizations, institutions have diffused to day- to- day activities. In this way they do not only regulate social...

This paper compares various estimation methods often used in the estimation of gravity models of international trade. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and their impact on estimated coefficients. They then estimate...