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Controlling for Heterogeneity in Gravity Models of Trade and Integration

Version
v0
Resource Type
Dataset : survey data
Creator
  • Cheng, I-Hui (National University of Kaohsuing-Taiwan)
  • Wall, Howard J. (Federal Reserve Bank of St. Louis)
Other Title
  • Archival Version (Subtitle)
Publication Date
2005-03-15
Funding Reference
  • Federal Reserve Bank of St. Louis. Research Division
Language
English
Free Keywords
trade
Description
  • Abstract

    This paper compares various specifications of the gravity model of trade as nested versions of a general specification that uses bilateral country-pair fixed effects to control for heterogeneity. For each specification, we show that the atheoretical restrictions used to obtain them from the general model are not supported statistically. Because the gravity model has become the "workhorse" baseline model for estimating the effects of international integration, this has important empirical implications. In particular, we show that, unless heterogeneity is accounted for correctly, gravity models can greatly overestimate the effects of integration on the volume of trade.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Collection Mode
  • (1) The files submitted are the data file 0501hwd.xls and the program file 0501hwp.txt. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Availability
Delivery
This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (help@icpsr.umich.edu).
Alternative Identifiers
  • 1313 (Type: ICPSR Study Number)
Relations
  • Is previous version of
    DOI: 10.3886/ICPSR01313.v1
Publications
  • Cheng, I-Hui, Wall, Howard J.. Controlling for Heterogeneity in Gravity Models of Trade and Integration. Federal Reserve Bank of St. Louis Review.87, (1), 49-64.2005.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Cheng, I-Hui; Wall, Howard J. (2005): Controlling for Heterogeneity in Gravity Models of Trade and Integration. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01313