The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects

被引：25

作者：

Peter Egger

Michael Pfaffermayr

机构：

[1] Austrian Inst. of Economics Research, University of Innsbruck, Innsbruck A-6020

来源：

Empirical Economics | 2003年 / 28卷 / 3期

关键词：

Gravity equation; Panel econometrics;

D O I：

10.1007/s001810200146

中图分类号：

学科分类号：

摘要：

We argue that the proper specification of a panel gravity model should include main (exporter, importer, and time) as well as time invariant exporter-by-importer (bilateral) interaction effects. In a panel of 11 APEC countries, the latter are highly significant and account for the largest part of variation.

引用

页码：571 / 580

页数：9

共 30 条

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