Santos Silva, JMC and Tenreyro, Silvana (2011) Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator. Economics Letters, 112 (2). pp. 220-222. DOI https://doi.org/10.1016/j.econlet.2011.05.008
Santos Silva, JMC and Tenreyro, Silvana (2011) Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator. Economics Letters, 112 (2). pp. 220-222. DOI https://doi.org/10.1016/j.econlet.2011.05.008
Santos Silva, JMC and Tenreyro, Silvana (2011) Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator. Economics Letters, 112 (2). pp. 220-222. DOI https://doi.org/10.1016/j.econlet.2011.05.008
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 |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 07 Aug 2012 09:48 |
| Last Modified: | 24 Oct 2024 10:26 |
| URI: | http://repository.essex.ac.uk/id/eprint/3527 |