Investigating the asymptotic properties of import elasticity estimates

Feenstra (1994) is widely implemented in international trade to estimate elasticities of substitution. Through a Monte Carlo experiment, simulated estimates suggest substantial biases due to weak instruments. However, the derivation of the elasticity of substitution drastically mitigates these biases.

MoreLess

Year of publication:	2010
Authors:	Soderbery, Anson
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 109.2010, 2, p. 57-62
Publisher:	Elsevier
Keywords:	Import elasticity Monte Carlo Instrumental variables

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866856