Badinger, Harald, Crespo Cuaresma, Jesus. 2015. Aggregravity: Estimating gravity models from aggregate data. Applied Economics 47 (20), 2119-2126.
BibTeX
Abstract
This article considers alternative methods to estimate econometric models based on bilateral data when only aggregate information on the dependent variable is available. Such methods can be used to obtain an indication of the sign and magnitude of bilateral model parameters and, more importantly, to decompose aggregate into bilateral data, which can then be used as proxy variables in further empirical analyses. We perform a Monte Carlo study and carry out a simple real world application using intra-EU trade and capital flows, showing that the methods considered work reasonably well and are worthwhile being considered in the absence of bilateral data.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Applied Economics |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, VW-D |
Language | English |
Title | Aggregravity: Estimating gravity models from aggregate data |
Volume | 47 |
Number | 20 |
Year | 2015 |
Page from | 2119 |
Page to | 2126 |
Reviewed? | Y |
DOI | http://dx.doi.org/10.1080/00036846.2014.1002903 |
Associations
- People
- Badinger, Harald (Details)
- Crespo Cuaresma, Jesus (Details)
- Organization
- Department of Economics (Badinger) (Details)
- Research Institute for European Affairs FI (Details)
- Department of Economics (Crespo Cuaresma) (Details)
- Research Institute for Human Capital and Development
FI
(Former organization)
- Competence Center for Sustainability Transformation and Responsibility WE (Details)