Martínez-Zarzoso, Inmaculada; Nowak-Lehmann D., Felicitas - Center for European, Governance and Economic … - 2007
This paper evaluates the performance of alternative estimation methods for multiplicative and log models with heteroskedasticity. Contrary to Santos Silva and Tenreyro (2006), the results of a simulation study indicate that the Pseudo Poisson Maximum Likelihood estimator (PPML) is not always the...
