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...

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Autores principales: Recalde, María Luisa, Florensa, Marcelo, Iturralde, Ivan
Formato: Artículo revista
Lenguaje:Español
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2008
Materias:
preferential trade agreements
gravity model
trade creation and trade diversion
generalized lineal models
F14
F15
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/3853
Aporte de:
Revista de Economía y Estadística de Universidad Nacional de Córdoba
id I10-R326-article-3853
record_format ojs
spelling I10-R326-article-38532022-04-06T19:53:08Z 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
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-326
container_title_str Revista de Economía y Estadística
language Español
format Artículo revista
topic preferential trade agreements
gravity model
trade creation and trade diversion
generalized lineal models
F14
F15
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
topic_facet preferential trade agreements
gravity model
trade creation and trade diversion
generalized lineal models
F14
F15
author Recalde, María Luisa
Florensa, Marcelo
Iturralde, Ivan
author_facet Recalde, María Luisa
Florensa, Marcelo
Iturralde, Ivan
author_sort Recalde, María Luisa
title Gravity Equation and Trade Agreements: A Different Econometric Approach
title_short 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_sort gravity equation and trade agreements: a different econometric approach
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.
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2008
url https://revistas.unc.edu.ar/index.php/REyE/article/view/3853
work_keys_str_mv AT recaldemarialuisa gravityequationandtradeagreementsadifferenteconometricapproach
AT florensamarcelo gravityequationandtradeagreementsadifferenteconometricapproach
AT iturraldeivan gravityequationandtradeagreementsadifferenteconometricapproach
first_indexed 2024-09-03T20:54:49Z
last_indexed 2024-09-03T20:54:49Z
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