The Log of Gravity

Although economists have long been aware of Jensen's in-equality, many econometric applications have neglected an important implication of it: under heteroskedasticity, the parameters of log-linearized models estimated by OLS lead to biased estimates of the true elasticities. We explain why thi...

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Bibliographic details
Volume: 88
Main Author: Silva, J. M. C. Santos
Tenreyro, Silvana
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: CAMBRIDGE MIT Press 01.11.2006
The MIT Press
MIT PRESS
MIT Press Journals
published in: The review of economics and statistics Vol. 88; no. 4; pp. 641 - 658
ORCID: 0000-0001-8009-3531
Data of publication: 20061101
ISSN: 0034-6535
1530-9142
1530-9142
EISSN: 1530-9142
Discipline: Economics
Statistics
Subjects:
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2006
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