Santos Silva, Joao M C and Tenreyro, Silvana (2009) Trading Partners and Trading Volumes: Implementing the Helpman-Melitz-Rubinstein Model Empirically. Working Paper. Centre for Economic Performance, LSE, CEP Discussion Papers.

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Abstract

Helpman, Melitz, and Rubinstein (2008)-HMR-present a rich theoretical model to study the determinants of bilateral trade flows across countries. The model is then empirically implemented through a two-stage estimation procedure. This note seeks to clarify some econometric aspects of the estimation approach used by HMR and explore the consequences of possible departures from the maintained distributional assumptions.

Item Type:	Monograph (Working Paper)
Uncontrolled Keywords:	Gravity equation; Heteroskedasticity; Jensens inequality
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics, Department of
Depositing User:	Jim Jamieson
Date Deposited:	07 Aug 2012 11:16
Last Modified:	07 Aug 2012 11:16
URI:	http://repository.essex.ac.uk/id/eprint/3548

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