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Estimating the gravity model when zero trade flows are frequent and economically determined (English)

Abstract

This paper evaluates the performance of alternative estimators of the gravity equation when zero trade flows result from economically-based data-generating processes with heteroscedastic residuals and potentially-omitted variables. In a standard Monte...  See More +

Details

  • Martin, William J.; Pham, Cong S.;
  • 2015/06/16 09:29:02
  • Policy Research Working Paper;
  • WPS7308
  • 1
  • 1
  • World
  • The World Region
  • 2015/06/16 09:24:59
  • Disclosed
  • Estimating the gravity model when zero trade flows are frequent and economically determined
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