The Gravity Model: An Illustration of Structural Estimation as Calibration.
Dawkins, Srinivasan, and Whalley (“Calibration,” Handbook of Econometrics, 2001) propose that estimation is calibration. We illustrate their point by examining a leading econometric application in the study of international and interregional trade by Anderson and van Wincoop (“Gravity with Gravitas:...
| Publicado en: | Economic Inquiry Vol. 46; no. 4; pp. 511 - 528 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
October 2008
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510700813&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510700813 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: October 2008 vid: 46 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510700813 10.1111/j.1465-7295.2007.00093.x ppf: 511 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 4.2MB tig: atl: The Gravity Model: An Illustration of Structural Estimation as Calibration. aug: au: Balistreri, Edward J. Hillberry, Russell H. su: Border trade Mathematical models Estimation theory Mathematical models of social sciences Calibration sug: subj: Border trade Mathematical models Estimation theory Mathematical models of social sciences Calibration keyword: Gravity models ab: Dawkins, Srinivasan, and Whalley (“Calibration,” Handbook of Econometrics, 2001) propose that estimation is calibration. We illustrate their point by examining a leading econometric application in the study of international and interregional trade by Anderson and van Wincoop (“Gravity with Gravitas: A Solution to the Border Puzzle,” American Economic Review, 2003). We replicate the econometric process and show it to be a calibration of a general equilibrium model. Our approach offers unique insights into structural estimation, and we highlight the importance of traditional calibration considerations when one uses econometric techniques to calibrate a model for comparative policy analysis. (JEL F10, CI 3, C60) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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