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Quantiles, corners, and the extensive margin of trade

José A.F. Machado, João Santos Silva () and Kehai Wei

European Economic Review, 2016, vol. 89, issue C, 73-84

Abstract: We develop a simple method for the estimation of quantile regressions for corner solutions data (i.e., fully observed non-negative data that have a mixed distribution with a mass-point at zero), focussing particular attention on the case where the domain of the variate of interest is bounded both from below and from above. We use the proposed method to study the determinants of the extensive margin of trade and find that most regressors have very different impacts on different parts of the distribution.

Keywords: BFGS algorithm; Corner solutions; Local bandwidth; Non-linear quantile regression (search for similar items in EconPapers)
JEL-codes: C21 C29 C61 F14 (search for similar items in EconPapers)
Date: 2016
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