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Особенности Оценивания Гравитационных Моделей Международной Торговли
[Estimating Gravity Models of International Trade: A Survey]

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  • Shumilov, Andrei

Abstract

This paper surveys the gravity models of trade estimation methodology, which has been substantially enriched in recent decades due to the emergence of theoretically founded modifications of the gravity equation. Alternative techniques to account for structural multilateral resistance terms in specifications both on cross-section and panel data are examined. Common errors in gravity modeling associated with atheoretical calculations of bilateral trade and economic size variables are analyzed. Ways to consistently estimate gravity models under heteroscedastic errors and in the presence of zero trade flows are discussed. An overview of coefficient estimates for the most important international trade factors ob-tained in different applications is given.

Suggested Citation

  • Shumilov, Andrei, 2016. "Особенности Оценивания Гравитационных Моделей Международной Торговли [Estimating Gravity Models of International Trade: A Survey]," MPRA Paper 75371, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:75371
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    References listed on IDEAS

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    More about this item

    Keywords

    gravity models of trade; trade costs; multilateral resistance; econometric estimators;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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