Estimating the Armington elasticity: The importance of study design and publication bias

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F20%3A10415478" target="_blank" >RIV/00216208:11230/20:10415478 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=Fv_3ZYuAd_" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=Fv_3ZYuAd_</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jinteco.2020.103383" target="_blank" >10.1016/j.jinteco.2020.103383</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Estimating the Armington elasticity: The importance of study design and publication bias

Popis výsledku v původním jazyce

A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3524 reported estimates of the elasticity, construct 32 variables that reflect the context in which researchers obtain their estimates, and examine what drives the heterogeneity in the results. To account for model uncertainty, we employ Bayesian and frequentist model averaging. To correct for publication bias, we use newly developed non-linear techniques. Our main results are threefold. First, there is publication bias against small and statistically insignificant elasticities. Second, differences in results are best explained by differences in data: aggregation, frequency, size, and dimension. Third, the elasticity implied by the literature after accounting for both publication bias and study quality lies in the range 2.5-5.1 with a median of 3.8.

Název v anglickém jazyce

Estimating the Armington elasticity: The importance of study design and publication bias

Popis výsledku anglicky

A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3524 reported estimates of the elasticity, construct 32 variables that reflect the context in which researchers obtain their estimates, and examine what drives the heterogeneity in the results. To account for model uncertainty, we employ Bayesian and frequentist model averaging. To correct for publication bias, we use newly developed non-linear techniques. Our main results are threefold. First, there is publication bias against small and statistically insignificant elasticities. Second, differences in results are best explained by differences in data: aggregation, frequency, size, and dimension. Third, the elasticity implied by the literature after accounting for both publication bias and study quality lies in the range 2.5-5.1 with a median of 3.8.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of International Economics

ISSN

0022-1996

e-ISSN

—

Svazek periodika

127

Číslo periodika v rámci svazku

November

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

23

Strana od-do

1-23

Kód UT WoS článku

000587428000011

EID výsledku v databázi Scopus

2-s2.0-85090575006