Gravity model of trade with linear quantile mixed models approach

© Springer International Publishing AG 2017. The Thai economy has mostly depended on exports, which has significantly declined in recent years. Hence, this paper is to investigate the determinants affecting Thailands exports with its top ten trading partners by using gravity model approach along wit...

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Main Authors: Pathairat Pastpipatkul, Petchaluck Boonyakunakorn, Songsak Sriboonchitta
Format: Book Series
Published: 2018
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http://cmuir.cmu.ac.th/jspui/handle/6653943832/46686
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Institution: Chiang Mai University
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spelling th-cmuir.6653943832-466862018-04-25T07:27:38Z Gravity model of trade with linear quantile mixed models approach Pathairat Pastpipatkul Petchaluck Boonyakunakorn Songsak Sriboonchitta Agricultural and Biological Sciences © Springer International Publishing AG 2017. The Thai economy has mostly depended on exports, which has significantly declined in recent years. Hence, this paper is to investigate the determinants affecting Thailands exports with its top ten trading partners by using gravity model approach along with panel data. In panel data, there are different characteristics between entities that account for unobserved individual effects. Previous studies have only focused on estimating mean effect. Mixed models are relatively selected as additional approach for panel data that accounts for individual heterogeneity in terms of variance components. Another advantage is that they are suitable for dependent data which are likely to be similar as collected repeatedly on the same country. We also take an interest in studying different magnitudes and directions of the effects of determinants on different parts of the distribution of export values. Meanwhile, Quantile regression (QR) allows study of different quantiles of the conditional distribution. In this study we combine the benefits of both mixed effects and quantile estimator to study Thai exports and employ linear quantile mixed models (LQMMs) with gravity model. 2018-04-25T06:59:30Z 2018-04-25T06:59:30Z 2017-02-01 Book Series 1860949X 2-s2.0-85012938532 10.1007/978-3-319-50742-2_34 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85012938532&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/46686
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Agricultural and Biological Sciences
spellingShingle Agricultural and Biological Sciences
Pathairat Pastpipatkul
Petchaluck Boonyakunakorn
Songsak Sriboonchitta
Gravity model of trade with linear quantile mixed models approach
description © Springer International Publishing AG 2017. The Thai economy has mostly depended on exports, which has significantly declined in recent years. Hence, this paper is to investigate the determinants affecting Thailands exports with its top ten trading partners by using gravity model approach along with panel data. In panel data, there are different characteristics between entities that account for unobserved individual effects. Previous studies have only focused on estimating mean effect. Mixed models are relatively selected as additional approach for panel data that accounts for individual heterogeneity in terms of variance components. Another advantage is that they are suitable for dependent data which are likely to be similar as collected repeatedly on the same country. We also take an interest in studying different magnitudes and directions of the effects of determinants on different parts of the distribution of export values. Meanwhile, Quantile regression (QR) allows study of different quantiles of the conditional distribution. In this study we combine the benefits of both mixed effects and quantile estimator to study Thai exports and employ linear quantile mixed models (LQMMs) with gravity model.
format Book Series
author Pathairat Pastpipatkul
Petchaluck Boonyakunakorn
Songsak Sriboonchitta
author_facet Pathairat Pastpipatkul
Petchaluck Boonyakunakorn
Songsak Sriboonchitta
author_sort Pathairat Pastpipatkul
title Gravity model of trade with linear quantile mixed models approach
title_short Gravity model of trade with linear quantile mixed models approach
title_full Gravity model of trade with linear quantile mixed models approach
title_fullStr Gravity model of trade with linear quantile mixed models approach
title_full_unstemmed Gravity model of trade with linear quantile mixed models approach
title_sort gravity model of trade with linear quantile mixed models approach
publishDate 2018
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85012938532&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/46686
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