Prehn, Sören; Brümmer, Bernhard; Glauben, Thomas - Leibniz-Institut für Agrarentwicklung in … - 2014
Since the work of FEENSTRA (2002), the standard ANDERSON & VAN WINCOOP (2003) Gravity Model has been estimated using a fixed effects approach. However, a fixed effects approach has a major drawback: it does not allow for the estimation of exporter- and importer-invariant variables. Thus,...
