METHODOLOGICAL ISSUES OF ECONOMETRIC ESTIMATING EXPORT GRAVITY MODELS
Bakhtiyor IslamovWorld Economy, Tashkent State University of Economics, UzbekistanМуниса ТурдибаеваWestminster International University in Tashkent, UzbekistanAsomiddin Soatovich YusupovTashkent State University of Economics, Uzbekistan
2022en
ABI
Аннотация
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 random effects panel regression estimation is the most preferable method for estimating the gravity export equation. This result has come from a case of Uzbekistan.
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