Empirical Analysis in the Economics of International Trade: Recent Progress and Challenges

Yasuyuki Todo

Chapter Chapter 7 in Next-Generation of Empirical Research in Economics, 2024, pp 123-141 from Springer

Abstract: Abstract This chapter provides an overview of the recent progress and remaining challenges in empirical analysis of the economics of international trade, highlighting applications of the second- and third-generation empirical methods discussed in prior chapters. Notably, the economics of international trade diverges from other fields of economics, such as labor and development, as randomized controlled trialsRandomized Controlled Trial (RCT) (RCTs), considered reliable in other areas, are often difficult to conduct. Instead, estimation methods using observational dataObservational data, such as difference in differencesDifference In Differences (DID) (DID) and instrumental variable (IV) estimations, prevail. The chapter categorizes recent econometric studies, moving from DID and IV estimations using observational data to those using natural experimentsNatural Experiments (NE) and RCTsRandomized Controlled Trial (RCT), and touches on simulationsSimulation as a noneconometric method, concluding with implications drawn from these diverse research approaches.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-1887-0_7

Ordering information: This item can be ordered from
http://www.springer.com/9789819718870

DOI: 10.1007/978-981-97-1887-0_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().