Various Estimation Techniques of the Gravity Model of Trade
| Thesis title in Czech: | Alternativní techniky odhadu gravitačních modelů obchodu |
|---|---|
| Thesis title in English: | Various Estimation Techniques of the Gravity Model of Trade |
| Key words: | gravitační model, mezinárodní obchod, Rakousko, fixní efekty, Poisson, Mundlak, Hausman-Taylor, shluková analýza |
| English key words: | gravity model, international trade, Austria, fixed effects, Poisson, Mundlak, Hausman-Taylor, cluster analysis |
| Academic year of topic announcement: | 2012/2013 |
| Thesis type: | diploma thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | doc. Ing. Vladimír Benáček, CSc. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 21.06.2013 |
| Date of assignment: | 21.06.2013 |
| Date and time of defence: | 11.02.2015 00:00 |
| Venue of defence: | IES |
| Date of electronic submission: | 05.01.2015 |
| Date of proceeded defence: | 11.02.2015 |
| Opponents: | prof. PhDr. Tomáš Havránek, Ph.D. |
| URKUND check: | |
| Guidelines |
| Dle metodiky ekonometrie, včetně empirických testů. |
| References |
| 1. Bergkvist, E. and Westin, L. 1998. Estimation of gravity models by OLS estimation, NLS estimation, Poisson and neural network specifications. Cerum Working Paper. Umea Universitet, 1998.
2. Burger, M. J., van Oort, F. G. a Linders, G. M. 2009. On the Specification of the Gravity Model of Trade: Zeros, Excess Zeros and Zero-Inflated Estimation. Erasmus Research Institute of Management. Erasmus Universiteit Rotterdam, 2009. 3. Bussière, M., Chudik, A. and Sestieri, G. 2009. Modelling Global Trade Flows: Results from a GVAR Model. ECB Working Paper Series. 2009, no 1087. 4. Egger, P. 2005. Alternative techniques for the estimation of cross–section gravity models. Review of International Economics. 2005. 5. Chudik, A., Pesaran, M. H. and Tosetti, E. 2009. Weak and Strong Cross Section Dependence and Estimation of Large Panels. CESifo Working Paper No. 2689. 2009. 6. Keck, A. a Raubold, A. 2006. Forecasting Trade. World Trade Organization - Staff Working Paper. 2006, ERSD-2006-05. 7. Koop, G., H., Pesaran M. and Potter, S. M. 1996. Impulse Response Analysis in Nonlinear Multivariate Models. Journal of Econometrics. 1996, vol. 74, pp. 119-147. 8. Linders, G.J.M. and Groot, H.F.L. 2006. Estimation of the gravity Equation in the Presence of Zero Flows. Tinbergen Institute Discussion Paper. 2006, 2006-072/3. 9. Santos Silva, J. and Tenreyro, S. 2010. On the Existence of the Maximum Likelihood Estimates in Poisson Regression. Economics Letters 107(2), pp. 310–312. 2010. 10. Santos Silva, J. M. and Tenreyro, S. 2006. The log of gravity. The Review of Economics and Statistics 88 (4). 2006, pp. 641-658. |
| Preliminary scope of work in English |
| Introduction
1 Gravity Models in Trade 1.1 Model Specification 1.2 Log-linear Gravity Model under Heteroskedasticity 1.3 Panel Data 1.4 Model Non-Stationarity 1.5 Distance Puzzle 1.6 Alternative Models of International Trade 2 Estimation Methods 2.1 Pooled OLS 2.2 Fixed Effects 2.3 Random Effects 2.4 Hausman Test 2.5 Poisson Estimator 2.6 Mundlak Model 2.7 Hausman-Taylor Estimator 3 Data and Methodology 3.1 Variables Description 3.2 Model Specification 3.3 Variables Hypotheses 3.4 Clustering 4 Results 4.1 Various Estimation Methods 4.2 Clusters by Countries 4.3 Clusters by Years Conclusion |