Estimation of a Continuous-Time Structural-Equation Model of Commodity Flows

Kieran Donaghy, Arash Beheshtian, Ziye Zhang and Benjamin Brown-Steiner
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Kieran Donaghy: Cornell University
Arash Beheshtian: Altum Group Advisors
Ziye Zhang: Princeton University

Chapter Chapter 7 in The Co-evolution of Commodity Flows, Economic Geography, and Emissions, 2021, pp 99-137 from Springer

Abstract: Abstract This chapter presents the operationalization and econometric estimation of a modified version of the dynamic continuous-time structural-equation model of commodity flows elaborated in the previous chapter. The objectives of this exercise are threefold: (1) to estimate an empirically based dynamic model that can accommodate the stylized facts of globalization noted earlier in this volume; (2) to determine whether or not a model that embodies a New Economic Geography formulation of production is supported by the data, and (3) develop and make available for other scholars regional economic data that supplement the commodity-flow data whose derivation and analysis have been discussed in Chaps. 3 – 5 .

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-030-78555-0_7

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DOI: 10.1007/978-3-030-78555-0_7

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