Investigating the asymptotic properties of import elasticity estimates
Anson Soderbery ()
Economics Letters, 2010, vol. 109, issue 2, 57-62
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.
Keywords: Import; elasticity; Monte; Carlo; Instrumental; variables (search for similar items in EconPapers)
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