Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects
نویسندگان
چکیده
منابع مشابه
Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects *
Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity of the competing PTA theories, we introduce Bayesian Model Averaging (BMA) to the PTA literature. BMA minimizes the sum of Type I and Type II error, the mean squared error, and generates predictive di...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1609675