Quotation Badinger, Harald, Crespo Cuaresma, Jesus. 2015. Aggregravity: Estimating gravity models from aggregate data. Applied Economics 47 (20), 2119-2126.


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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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Publication's profile

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
Institute for International Economics IN (Details)
Research Institute for European Affairs FI (Details)
Institute for Macroeconomics IN (Details)
Research Institute for Human Capital and Development FI (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
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