Article

ECONOMETRIC ESTIMATION OF THE GRAVITY MODEL OF EXPORTS: A CASE OF THE REPUBLIC OF UZBEKISTAN

Bakhtiyor IslamovTashkent State University of EconomicsМуниса ТурдибаеваProfessor of Tashkent State University of Economics Turdibaeva Munisa Mirzalievna -PhD student at the Westminster International University in Tashkent

Economics and educationjournal2023en

ABI

Abstract

In this article, the authors critically analyze the existing econometric approaches to estimating gravity models of exports from the point of view of solving such problems as taking into account zero observations, bias, inconsistency and inefficiency of estimates. As a result, the authors come to the conclusion that the method of Poisson pseudo-maximum-likelihood estimation (Poisson pseudo-maximum-likelihood, PPML) is the most preferable method for estimating the gravity export model of the Republic of Uzbekistan.

Topics

Economic, Social, and Public Health Issues in Russia and Globally Economic and Technological Developments in Russia

Identifiers

DOI: 10.55439/eced/vol24_iss3/a81

Citations and references

Cited by 07 references

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