Conditional GMM estimation for gravity models

Masaya Nishihata, Taisuke Otsu

研究成果: Article査読

抄録

This paper studies finite sample performances of the conditional GMM estimators for a particular conditional moment restriction model, which is commonly applied in economic analysis using gravity models of international trade. We consider the GMM estimator with growing moments and Dominguez and Lobato's (2004) process-based GMM estimator. Under the simulation designs by Santos Silva and Tenreyro (2006, 2011), we find that Dominguez and Lobato's (2004) estimator is favorably comparable with the Poisson pseudo maximum likelihood estimator, and outperforms other estimators.

本文言語English
ページ(範囲)1106-1111
ページ数6
ジャーナルEconomics Bulletin
40
2
出版ステータスPublished - 2020
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

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