A MONTE CARLO ANALYSIS OF THE ESTIMATION OF EXPORT DEMAND

A simple two-country trading model was used to compare three methods of estimating export demand: OLS; TSLS; and TSLS applied to domestic ruves from which were derived excess demand. Estimator performance depends primarily on relative error variances around excess supply and demand. The third method was generally superior.


Issue Date:
1979-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278297
Language:
English
Total Pages:
13




 Record created 2018-10-15, last modified 2020-10-28

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