Model 1: My=0.02 Stdev=0.03
K=0.10 Zb=4 (true value)
Assuming R~iid N(0.02,...almost twice as large)
Median of estimated Zb=4.765
Monte Carlo simulations...
Presenter
Presentation Notes
Measuring Trade Effects:
“Old” Methodology Gravity Model...Effect on Exports
from Old to other Old Members
Conclusions
Estimate...
