The Proper Econometric Specification of the Gravity Model with a Panel Data : A Discussion

• 발행기관: 한국농식품정책학회
• 저자명: Gue dae Cho Min Kyoung Kim
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 35권 3호, 481~496쪽, 전체 16쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2008.09.30

영문 초록

While empirical studies on gravity model have focused on cross-sectional and panel data analysis, the debate on estimation of gravity model vis-à vis panel data set still goes on. In this paper, we argue that, as a proper econometric specification of a gravity model, time-fixed effect model of a panel data analysis is more suitable than either cross-sectional fixed and two-way fixed effect model because it is more consistent with the theoretical foundation of the gravity model.

목차

Abstract

I. Introduction

II. Gravity Model

III. Econometric Specification

IV. An Application and Comparisons

V. Some concluding Remark

References

키워드

Econometric Model Specification Gravity Model Panel Data Analysis