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Persistent link: https://www.econbiz.de/10008916057
and this is a problem when estimating log-linear gravity equations. This has caused many researchers to either ignore the zero trade flows or to replace the zero with a small positive number. Both of these actions bias the resulting parameter estimates of the gravity equation. In this study we...
Persistent link: https://www.econbiz.de/10009351548
Canada and Mexico are formally challenging US country of origin (COOL) legislation at the World Trade Organization. The industries most affected by COOL are beef and pork. The effect of COOL on North American cross border supply chains is outlined. The areas of international trade law upon which...
Persistent link: https://www.econbiz.de/10008693729
When analyzing bilateral trade flow data, zero trade flows are quite common and problematic when a gravity equation is estimated with a log-linear functional form. This has caused many researchers to either ignore the zero trade flows or to replace zero with a small positive number. Both of...
Persistent link: https://www.econbiz.de/10008530400