학술저널
The Proper Econometric Specification of the Gravity Model with a Panel Data : A Discussion
- 한국농식품정책학회
- 농업경영.정책연구
- 농업경영·정책연구 35권 3호
-
2008.09481 - 496 (16 pages)
- 2
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.
Abstract
I. Introduction
II. Gravity Model
III. Econometric Specification
IV. An Application and Comparisons
V. Some concluding Remark
References
(0)
(0)