Modelling Firm-Product Level Trade: A Multi-Dimensional Random Effects Panel Data Approach
Laszlo Matyas and
No 2013_2, CEU Working Papers from Department of Economics, Central European University
The paper deals with the problems of formalizing econometric models on firm-product level trade data sets, or similar economic flows. A multi-dimensional random effects panel data approach is adopted. Several models are introduced taking into account different types of specific effects, interactions and cross correlations. The respective covariance matrixes are derived, as well as procedures to estimate the unknown variance and covariance components, in order to make the Feasible Generalized Least Squares estimation operational. Whenever possible, the spectral decomposition of the covariance matrixes is also provided to make the estimation procedure simpler to implement. Both balanced and unbalanced data sets are considered.
New Economics Papers: this item is included in nep-ecm and nep-int
Date: 2013-02-21, Revised 2013-05-08
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.personal.ceu.hu/staff/repec/pdf/2013_2.pdf Full text (application/pdf)
http://www.personal.ceu.hu/staff/repec/pdf/2013_2_revised.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ceu:econwp:2013_2
Access Statistics for this paper
More papers in CEU Working Papers from Department of Economics, Central European University Contact information at EDIRC.
Bibliographic data for series maintained by Anita Apor ().