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Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator

Santos Silva, Joao M C and Tenreyro, Silvana (2011) 'Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator.' Economics Letters, 112 (2). pp. 220-222. ISSN 0165-1765

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Abstract

We extend the simulation results in Santos Silva and Tenreyro (2006, The log of gravity, The Review of Economics and Statistics, 88, 641-658) by considering a novel data-generating process. Our results confirm that the Poisson pseudo-maximum likelihood estimator is generally well behaved, even when the proportion of zeros in the sample is very large.

Item Type: Article
Uncontrolled Keywords: Finite mixtures Gravity equation International trade Zeros
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 07 Aug 2012 09:48
Last Modified: 16 Dec 2014 11:17
URI: http://repository.essex.ac.uk/id/eprint/3527

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