双边贸易流、引力方程与函数形式

Bilateral Trade Flows, The Gravity Equation, and Functional Form

Review of Economics and Statistics · 1993
被引 103
人大 AFT50ABS 4

中文导读

质疑国际贸易文献中引力方程对数线性的假设,通过Box-Cox变换检验一般函数形式,利用1964-1987年16个OECD国家数据发现最优函数形式与对数线性形式存在统计显著差异,并提出了适用于整个样本期的统一函数形式。

Abstract

The gravity equation has been frequently and successfully used for nearly thirty years to further understanding of the determinants of bilateral trade flows across countries and, subsequently, to analyze commercial policy measures. A maintained hypothesis by the applied literature on international trade as gravity equation loglinearity is questioned in this paper since the possibility of a general functional form is open through Box-Cox transformations. Using data corresponding to the sixteen OECD most developed countries from 1964 to 1987 the authors reach the conclusion that the optimal functional form is slightly, yet statistically, different from the loglinear form in every year of the sample and they are able to propose one unique functional form suitable for all the sample period. Copyright 1993 by MIT Press.

引力方程双边贸易流函数形式Box-Cox变换