Investigating the asymptotic properties of import elasticity estimates

被引:17
作者
Soderbery, Anson [1 ]
机构
[1] Univ Calif Davis, Dept Econ, Davis, CA 95616 USA
关键词
Import elasticity; Monte Carlo; Instrumental variables;
D O I
10.1016/j.econlet.2010.08.006
中图分类号
F [经济];
学科分类号
02 ;
摘要
Feenstra (1994) is widely implemented in international trade to estimate elasticities of substitution. Through a Monte Carlo experiment, simulated estimates suggest substantial biases due to weak instruments. However, the derivation of the elasticity of substitution drastically mitigates these biases. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码:57 / 62
页数:6
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