Bias and consistency in three-way gravity models
We study the incidental parameter problem for the “three-way” Poisson Pseudo-Maximum Likelihood (“PPML”) estimator recently recommended for identifying the effects of trade policies and in other panel data gravity settings. Despite the number and variety of fixed effects involved, we confirm PPML is...
Main Authors: | , |
---|---|
Format: | Journal article |
Language: | English |
Published: |
Elsevier
2021
|