Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator |
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| Authors: | J.M.C. Santos Silva Silvana Tenreyro |
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| Affiliation: | a University of Essex and CEMAPRE, Wivenhoe Park, Colchester CO4 3SQ, United Kingdomb London School of Economics, CEP, and CEPR, Department of Economics, s.600. St. Clement’s Building, Houghton St., London WC2A 2AE, United Kingdom |
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| Abstract: | We extend the simulation results in Santos Silva and Tenreyro (2006, The log of gravity, The Review of Economics and Statistics, 88, 641-658) by considering a novel data-generating process. Our results confirm that the Poisson pseudo-maximum likelihood estimator is generally well behaved, even when the proportion of zeros in the sample is very large. |
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| Keywords: | C13 C50 F10 |
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