The Formulation and Estimation of Random Effects Panel Data Models of Trade

Laszlo Matyas (), Cecília Hornok and Daria Pus

No 2012_1, CEU Working Papers from Department of Economics, Central European University

Abstract: The paper introduces for the most frequently used three- dimensional panel data sets several random effects model specifications. It derives appropriate estimation methods for the balanced and unbalanced cases and deals with some extensions as well. An application is also presented where the bilateral trade of 20 EU countries is analysed for the period 2001-2006. The differences between the fixed and random effects specifications are highlighted through this empirical exercise.

Date: 2012-05-05, Revised 2013-03-25
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https://ceu-economics-and-business.github.io/RePEc/pdf/2012_1.pdf Full text (application/pdf)
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Related works:
Working Paper: The formulation and estimation of random effects panel data models of trade (2012)
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