Journal article
Estimating Gravity Equations: Theory Implications, Econometric Developments, and Practical Recommendations
Review of international economics, v 33(5), pp 1066-1092
24 Jun 2025
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We trace the developments in the empirical trade literature to make fifteen recommendations for estimating gravity equations, which are structured in three categories: data, estimating equation, and heterogeneity. We also offer practical tips and identify areas where further research is needed. Based on these recommendations, we specify a comprehensive estimating model, which can serve as a benchmark for gravity estimations even when it is not possible to implement all of our recommendations. The proposed methods should be useful for gravity estimations beyond international trade, e.g., migration, foreign investment, cross-border patenting, and other flows.
Metrics
Details
- Title
- Estimating Gravity Equations: Theory Implications, Econometric Developments, and Practical Recommendations
- Creators
- Mario Larch - University of BayreuthSerge Shikher - United States International Trade CommissionYoto V. Yotov - Drexel University, Economics (School of Economics)
- Publication Details
- Review of international economics, v 33(5), pp 1066-1092
- Publisher
- Wiley
- Number of pages
- 27
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:001513529500001
- Scopus ID
- 2-s2.0-105008784067
- Other Identifier
- 991022061537104721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics