Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator
João Santos Silva () and
Silvana Tenreyro ()
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
We extend the simulation results given in Santos-Silva and Tenreyro (2006, ‘The Log of Gravity’, The Review of Economics and Statistics, 88, pp.641-658) by considering data generated as a finite mixture of gamma variates. Data generated in this way can naturally have a large proportion of zeros and is fully compatible with constant elasticity models such as the gravity equation. Our results confirm that the Poisson pseudo maximum likelihood estimator is generally well behaved.
JEL-codes: F10 C50 C13 (search for similar items in EconPapers)
Pages: 8 pages
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Journal Article: Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator (2011)
Working Paper: Further Simulation Evidence on the Performance of the Poisson Pseudo-Maximum Likelihood Estimator (2009)
Working Paper: Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:25506
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