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The formulation and estimation of random effects panel data models of trade

Laszlo Matyas, Cecília Hornok and Daria Pus

MPRA Paper from University Library of Munich, Germany

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. 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.

Keywords: panel data; multidimensional panel data; random effects; error components model; trade model; gravity mode (search for similar items in EconPapers)
JEL-codes: C13 F11 C23 F17 F1 C21 C01 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm
Date: 2012-02-17
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Related works:
Working Paper: The Formulation and Estimation of Random Effects Panel Data Models of Trade (2013) Downloads
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