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A Monte Carlo Analysis Of The Estimation Of Export Demand

Author

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  • Binkley, James K.
  • McKinzie, Lance

Abstract

A simple two-country trading model was used to compare three methods of estimating export demand: OLS; TSLS; and TSLS applied to domestic ruves from which were derived excess demand. Estimator performance depends primarily on relative error variances around excess supply and demand. The third method was generally superior.

Suggested Citation

  • Binkley, James K. & McKinzie, Lance, 1979. "A Monte Carlo Analysis Of The Estimation Of Export Demand," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278297, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea79:278297
    DOI: 10.22004/ag.econ.278297
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    Keywords

    International Relations/Trade;

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