Article ID Journal Published Year Pages File Type
5061301 Economics Letters 2010 6 Pages PDF
Abstract
Feenstra (1994) is widely implemented in international trade to estimate elasticities of substitution. Through a Monte Carlo experiment, simulated estimates suggest substantial biases due to weak instruments. However, the derivation of the elasticity of substitution drastically mitigates these biases.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Investigating the asymptotic properties of import elasticity estimates
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