Trading Partners and Trading Volumes: Implementing the Helpman-Melitz-Rubinstein Model Empirically
AbstractHelpman, Melitz, and Rubinstein (2008)-HMR-present a rich theoretical model to study the determinants of bilateral trade flows across countries. The model is then empirically implemented through a two-stage estimation procedure. This note seeks to clarify some econometric aspects of the estimation approach used by HMR and explore the consequences of possible departures from the maintained distributional assumptions.
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Date of creation: Jun 2009
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Gravity equation; Heteroskedasticity; Jensens inequality;
Other versions of this item:
- J.M.C. Santos Silva & Silvana Tenreyro, 2008. "Trading Partners and Trading Volumes:Implementing the Helpman-Melitz-Rubinstein Model Empirically," Economics Discussion Papers 662, University of Essex, Department of Economics.
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- F10 - International Economics - - Trade - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
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