Consistent Estimation of Armington Demand Models
指出传统方法估计阿明顿贸易模型会导致参数估计在理论和统计上不一致,并提出一种新方法消除这些不一致,同时比较新旧方法的结果。
Abstract Traditional methods of empirically implementing the popular Armington trade model are shown to result in theoretically and statistically inconsistent parameter estimates. A method for removing these inconsistencies within the framework of the Armington model is provided, along with a comparison of results of our new consistent procedure with those of the previous procedure.