Arbeitspapier
Gravity model estimation: Fixed effects vs. random intercept poisson pseudo maximum likelihood
Since the work of FEENSTRA (2002), the standard ANDERSON & VAN WINCOOP (2003) Gravity Model has been estimated using a fixed effects approach. However, a fixed effects approach has a major drawback: it does not allow for the estimation of exporter- and importer-invariant variables. Thus, economically relevant variables such as exporter and importer gross domestic product are disregarded. Here, we propose a random intercept model to address this gap. This approach not only provides identical estimates to a fixed effects approach, but also allows for the estimation of exporter- and importer-invariant variables.
- Weitere Titel
-
Gravity Modell Schätzung: Fixed Effects vs.Random Intercept Poisson Pseudo Maximum Likelihood
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 148
- Klassifikation
-
Wirtschaft
- Thema
-
Gravity Model Estimation
Poisson Pseudo Maximum Likelihood
Fixed Effects Model
Random Intercept Model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Prehn, Sören
Brümmer, Bernhard
Glauben, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
- (wo)
-
Halle (Saale)
- (wann)
-
2014
- Handle
- URN
-
urn:nbn:de:gbv:3:2-28709
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Prehn, Sören
- Brümmer, Bernhard
- Glauben, Thomas
- Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
Entstanden
- 2014
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