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Trading partners and trading volumes: implementing the Helpman-Melitz-Rubinstein model empirically

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Helpman, Melitz, and Rubinstein (2008)–HMR–present a rich theoretical model to study the determinants of bilateral trade flows across countries. The model is then empirically implemented through a two-stage estimation procedure. This note seeks to clarify some econometric aspects of the estimation approach used by HMR and explore the consequences of possible departures from the maintained distributional assumptions.

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en

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application/pdf

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http://eprints.lse.ac.uk/25505/1/Trading_Partners_and_Trading_Volumes.pdf

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