The Formulation and Estimation of Random Effects Panel Data Models of Trade
AbstractThe paper introduces for the most frequently used three- dimensional panel data sets several random effects model specifications. It derives appropriate estimation methods for the balanced and unbalanced cases and deals with some extensions as well. An application is also presented where the bilateral trade of 20 EU countries is analysed for the period 2001-2006. The differences between the fixed and random effects specifications are highlighted through this empirical exercise.
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Bibliographic InfoPaper provided by Department of Economics, Central European University in its series CEU Working Papers with number 2012_1.
Date of creation: 05 May 2012
Date of revision: 25 Mar 2013
Other versions of this item:
- Matyas, Laszlo & Hornok, Cecilia & Pus, Daria, 2012. "The formulation and estimation of random effects panel data models of trade," MPRA Paper 36789, University Library of Munich, Germany.
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- F1 - International Economics - - Trade
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C0 - Mathematical and Quantitative Methods - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-22 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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