Gravity Equation and Trade Agreements: A Different Econometric Approach
This paper is aimed at multiplicatively estimating the parameters of the gravity equation by using the Poisson Pseudo-Maximum-Likelihood (PPML) estimator, and taking heteroskedasticity into account at the same time. Besides, in order to compare the results, the model will be estimated trough OLS and...
| Main Authors: | , , |
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| Format: | Online |
| Language: | spa |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2008
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| Subjects: | |
| Online Access: | https://revistas.unc.edu.ar/index.php/REyE/article/view/3853 |
| _version_ | 1811172141123502080 |
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| author | Recalde, María Luisa Florensa, Marcelo Iturralde, Ivan |
| author_facet | Recalde, María Luisa Florensa, Marcelo Iturralde, Ivan |
| author_sort | Recalde, María Luisa |
| collection | Portal de Revistas |
| description | This paper is aimed at multiplicatively estimating the parameters of the gravity equation by using the Poisson Pseudo-Maximum-Likelihood (PPML) estimator, and taking heteroskedasticity into account at the same time. Besides, in order to compare the results, the model will be estimated trough OLS and Tobit, and the precision of the different estimators will be assessed by a set of specification tests. Results indicate that the effects of Preferential Trade Agreements are very sensitive to the method chosen to estimate the gravity model and the results obtained under PPML are the most reliable. |
| format | Online |
| id | oai:ojs.revistas.unc.edu.ar:article-3853 |
| institution | Universidad Nacional de Cordoba |
| language | spa |
| publishDate | 2008 |
| publisher | Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. |
| record_format | ojs |
| spelling | oai:ojs.revistas.unc.edu.ar:article-38532022-04-06T22:53:08Z Gravity Equation and Trade Agreements: A Different Econometric Approach Recalde, María Luisa Florensa, Marcelo Iturralde, Ivan preferential trade agreements gravity model trade creation and trade diversion generalized lineal models F14 F15 This paper is aimed at multiplicatively estimating the parameters of the gravity equation by using the Poisson Pseudo-Maximum-Likelihood (PPML) estimator, and taking heteroskedasticity into account at the same time. Besides, in order to compare the results, the model will be estimated trough OLS and Tobit, and the precision of the different estimators will be assessed by a set of specification tests. Results indicate that the effects of Preferential Trade Agreements are very sensitive to the method chosen to estimate the gravity model and the results obtained under PPML are the most reliable. Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2008-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unc.edu.ar/index.php/REyE/article/view/3853 10.55444/2451.7321.2008.v46.n2.3853 Revista de Economía y Estadística; Vol. 46 No. 2 (2008); 83-103 Revista de Economía y Estadística; Vol. 46 Núm. 2 (2008); 83-103 2451-7321 0034-8066 10.55444/2451.7321.2008.v46.n2 spa https://revistas.unc.edu.ar/index.php/REyE/article/view/3853/5069 Derechos de autor 2008 María Luisa Recalde, Marcelo Florensa, Ivan Iturralde http://creativecommons.org/licenses/by-nc-nd/4.0 |
| spellingShingle | preferential trade agreements gravity model trade creation and trade diversion generalized lineal models F14 F15 Recalde, María Luisa Florensa, Marcelo Iturralde, Ivan Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title | Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title_full | Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title_fullStr | Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title_full_unstemmed | Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title_short | Gravity Equation and Trade Agreements: A Different Econometric Approach |
| title_sort | gravity equation and trade agreements a different econometric approach |
| topic | preferential trade agreements gravity model trade creation and trade diversion generalized lineal models F14 F15 |
| topic_facet | preferential trade agreements gravity model trade creation and trade diversion generalized lineal models F14 F15 |
| url | https://revistas.unc.edu.ar/index.php/REyE/article/view/3853 |
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