Consistent Estimation of Armington Demand Models
George Davis and
Nancy C. Kruse
American Journal of Agricultural Economics, 1993, vol. 75, issue 3, 719-723
Traditional methods of empirically implementing the popular Armington trade model are shown to result in theoretically and statistically inconsistent parameter estimates. A method for removing these inconsistencies within the framework of the Armington model is provided, along with a comparison of results of our new consistent procedure with those of the previous procedure.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:75:y:1993:i:3:p:719-723.
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