Arbeitspapier
Gravity-Model Estimation with Time-Interval Data: Revisiting the Impact of Free Trade Agreements
We challenge the common practice of estimating gravity equations with time-interval data in order to capture dynamic-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing dynamic-adjustment effects. Our analysis reveals that, relative to time-interval data, the proposed approach avoids downward-biased effect estimates due to the distribution of trade-policy events during an event window as well as due to anticipation (pre-interval) and delayed (post-interval) effects, and it improves the efficiency of effect estimates due to the use of more data.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8553
- Klassifikation
-
Wirtschaft
Trade: General
Empirical Studies of Trade
- Thema
-
structural gravity
trade policy
free trade agreements
interval data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Egger, Peter H.
Larch, Mario
Yotov, Yoto V.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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
- Egger, Peter H.
- Larch, Mario
- Yotov, Yoto V.
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020
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