A fast, easy, and efficient estimator for the trade flux between heterogeneous economies

Compared to time-series or cross-section analyses, panel data allow us to control for individual specific characteristics - possibly unobservable - which may be correlated with certain explanatory variables in the specification of an economic relationship. Not controlling for unobservables leads to obtaining biased results. After controlling for such unobservable characteristics, we calculate efficient estimates of a trade flux equation between heterogeneous economies.

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Year of publication:	2007-03-05
Authors:	Sova, Robert ; Sova, Anamaria

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Sova, Robert and Sova, Anamaria (2007): A fast, easy, and efficient estimator for the trade flux between heterogeneous economies.
Classification:	F15 - Economic Integration ; C23 - Models with Panel Data ; F12 - Models of Trade with Imperfect Competition and Scale Economies
Source:	BASE

Persistent link: https://www.econbiz.de/10015229167