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Journal article
Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements
Economica (London), v 89(353)
01 Jan 2022
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We challenge the common practice of estimating gravity equations with interval or averaged data in order to capture dynamic-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing dynamic-adjustment effects. Our analysis reveals that, relative to interval or averaged data, the use of consecutive-year data avoids downward-biased effect estimates due to the distribution of trade-policy events during an event window as well as due to anticipation (pre-interval) and delayed (post-interval) effects, and it improves the efficiency of effect estimates due to the use of more data.
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Details
- Title
- Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements
- Creators
- Peter H. Egger - ETH ZurichMario Larch - University of BayreuthYoto V. Yotov - Drexel University
- Publication Details
- Economica (London), v 89(353)
- Publisher
- Wiley
- Number of pages
- 18
- Grant note
- WOA Institution: UNIVERSITAET BAYREUTH Blended DEAL: Projekt DEAL Projekt DEAL
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000706638900001
- Scopus ID
- 2-s2.0-85116903231
- Other Identifier
- 991019167695604721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics