Dear all.
I am working in a gravity model with a large number of observations (133 exporters and 133 importers countries from 2005 to 2018).
My dependant variable is bilateral exports from i to j. I got this data from the IMF databank and their values are in current USD, as it is usual in many papers. However, some referees in an economic journal told me that I must work with exports at constant values.
I have tried to get the bilateral exports at constant values from different databanks but it has not been possible. Another possibility is to deflate every flow through an export price index related to each country involved in the study, but it would be a hard and long job. Therefore, I have some questions for you:
1. Why many papers estimate its model with bilateral exports at current USD values and their results are fine although they do not include exports at constant prices?
2. In case I decided to estimate my model with bilateral exports at current values, how can I justify this?
3. The inclusion of a year dummy creates a similar effect to the deflation process over exports values?
4. There is any available databank where I can find bilateral exports at constant values?
Thank you in advance.
Kind regards.
Carlos.
Related Posts with Exports at current or constant USD prices in gravity model
Help needed for Matplotlib in StataHi, I am using Stata 17 and was using some python codes to plot some bar charts. Below is my code: …
Putexcel Loop over several cross tabulationsHello, I'd like to run some weighted cross-tabulations, and use putexcel to save the output in excel…
Interpreting coefficients of a continuous variable interacted with a categorial variable in regressionIn a xtlogit model Code: xtlogit mental_health i.gender i.age income#i.province Can I use Code: ma…
Are there any unconventional ways to launch Stata?In my set up, I have a host machine and two VMS. Both VMs have Stata installed on them. I need to be…
Multiply the intercept by a constant and output via "outreg2"Hi, I would like to annualize (x12) the alpha (intercept) of an asset pricing regression before out…
Subscribe to:
Post Comments (Atom)
0 Response to Exports at current or constant USD prices in gravity model
Post a Comment