The formulation and estimation of random effects panel data models of trade

The 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. 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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Year of publication:	2012-02-17
Authors:	Matyas, Laszlo ; Hornok, Cecilia ; Pus, Daria
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	panel data \| multidimensional panel data \| random effects \| error components model \| trade model \| gravity mode

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C13 - Estimation ; F11 - Neoclassical Models of Trade ; C23 - Models with Panel Data ; F17 - Trade Forecasting and Simulation ; F1 - Trade ; C21 - Cross-Sectional Models; Spatial Models ; C01 - Econometrics
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009650027