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Autoren: 
Anderson, James E.
Larch, Mario
Yotov, Yoto V.
Datum: 
2015
Reihe/Nr.: 
CESifo Working Paper 5592
Zusammenfassung: 
We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models. Non-linear solvers of estimated models are replaced by (constrained) regressions. Applied economists can more readily generate results, with more intuition about the working of the model. We illustrate with a worldwide border removal application using the Poisson Pseudo-Maximum-Likelihood (PPML) estimator in STATA, iterated to deliver conditional and full general equilibrium responses. The method works by fully exploiting the combined properties of structural gravity and PPML. Our procedures readily extend to a wide class of general equilibrium production models.
Schlagwörter: 
structural gravity
general equilibrium effects
counterfactuals
estimation
JEL: 
F10
F14
F16
Dokumentart: 
Working Paper
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