“…However, some authors (for example, Greenway and Milner [1984]) and Balassa [1986]) have challenged the appropriateness of this speci cation. Due to the presence of the large proportion of zero observations, some studies (for example, Balassa and Bauwens [1987]; Stone and Lee [1995]; and Havrylyshyn and Kuznel [1997]) adopt a non-linear least squares procedure to estimate the logit probability function de ned as:…”
Section: Est Im Ation M Ethod a Nd Regression Results S The M Ethmentioning
confidence: 99%
“…) Some recent studies (for example, Lee and Lee [1993]; Stone and Lee [1995]; and Havrylyshyn and Kuznel [1997]) have also used trade imbalance (TIMB) as an additional explanatory variable when unadjusted IIT index is used as the dependent variable. T herefore, two variants of Eq.…”
Section: Downloaded By [Fu Berlin] At 12:32 07 July 2015mentioning
“…However, some authors (for example, Greenway and Milner [1984]) and Balassa [1986]) have challenged the appropriateness of this speci cation. Due to the presence of the large proportion of zero observations, some studies (for example, Balassa and Bauwens [1987]; Stone and Lee [1995]; and Havrylyshyn and Kuznel [1997]) adopt a non-linear least squares procedure to estimate the logit probability function de ned as:…”
Section: Est Im Ation M Ethod a Nd Regression Results S The M Ethmentioning
confidence: 99%
“…) Some recent studies (for example, Lee and Lee [1993]; Stone and Lee [1995]; and Havrylyshyn and Kuznel [1997]) have also used trade imbalance (TIMB) as an additional explanatory variable when unadjusted IIT index is used as the dependent variable. T herefore, two variants of Eq.…”
Section: Downloaded By [Fu Berlin] At 12:32 07 July 2015mentioning
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