{"id":1556,"date":"2023-02-13T16:19:18","date_gmt":"2023-02-13T16:19:18","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/"},"modified":"2023-02-13T16:19:18","modified_gmt":"2023-02-13T16:19:18","slug":"aggregation-bias-in-trade-elasticities-the-case-of-macedonia","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/","title":{"rendered":"Aggregation Bias in Trade Elasticities: The Case of Macedonia"},"content":{"rendered":"\nThis paper evaluates the bias which may occur when trade elasticities are estimated using data on aggregate trade, instead of using data on bilateral trade. The exercise is done on the case of Macedonia. Elasticities obtained from aggregate-trade data, using the Autoregressive Distributed Lag approach, are compared with the elasticities obtained from bilateral-trade data, using dynamic heterogenous panels techniques. Results point out that the aggregation bias is sizeable and that relying on aggregate data can lead to wrong conclusions about the trade elasticities.\n\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[60,61,482],"keyword":[784,787,785,786,788,677],"class_list":["post-1556","publication","type-publication","status-publish","hentry","jelcode-f10","jelcode-f14","jelcode-f4","keyword-aggregation-bias","keyword-ardl","keyword-dynamic-panel","keyword-heterogenous-panel","keyword-macedonia","keyword-trade-elasticities"],"acf":{"year":2013,"month":3,"day":"","volume":"","number":"106","pages":38,"reviewed":"0","citeid":"FIW_WP_106","fiwseries":"FIW Working Papers","event":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW\" \/>\n<meta property=\"og:description\" content=\"This paper evaluates the bias which may occur when trade elasticities are estimated using data on aggregate trade, instead of using data on bilateral trade. The exercise is done on the case of Macedonia. Elasticities obtained from aggregate-trade data, using the Autoregressive Distributed Lag approach, are compared with the elasticities obtained from bilateral-trade data, using [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/\" \/>\n<meta property=\"og:site_name\" content=\"FIW\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CentreFiw\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/\",\"name\":\"Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW\",\"isPartOf\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\"},\"datePublished\":\"2023-02-13T16:19:18+00:00\",\"dateModified\":\"2023-02-13T16:19:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Aggregation Bias in Trade Elasticities: The Case of Macedonia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"name\":\"FIW\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fiw.ac.at\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\",\"name\":\"FIW\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"contentUrl\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"width\":843,\"height\":843,\"caption\":\"FIW\"},\"image\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CentreFiw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/","og_locale":"en_US","og_type":"article","og_title":"Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW","og_description":"This paper evaluates the bias which may occur when trade elasticities are estimated using data on aggregate trade, instead of using data on bilateral trade. 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Elasticities obtained from aggregate-trade data, using the Autoregressive Distributed Lag approach, are compared with the elasticities obtained from bilateral-trade data, using [&hellip;]","og_url":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/","og_site_name":"FIW","og_image":[{"width":843,"height":293,"url":"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@CentreFiw","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/","url":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/","name":"Aggregation Bias in Trade Elasticities: The Case of Macedonia - FIW","isPartOf":{"@id":"https:\/\/www.fiw.ac.at\/en\/#website"},"datePublished":"2023-02-13T16:19:18+00:00","dateModified":"2023-02-13T16:19:18+00:00","breadcrumb":{"@id":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fiw.ac.at\/en\/publications\/aggregation-bias-in-trade-elasticities-the-case-of-macedonia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.fiw.ac.at\/en\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.fiw.ac.at\/en\/publications\/"},{"@type":"ListItem","position":3,"name":"Aggregation Bias in Trade Elasticities: The Case of Macedonia"}]},{"@type":"WebSite","@id":"https:\/\/www.fiw.ac.at\/en\/#website","url":"https:\/\/www.fiw.ac.at\/en\/","name":"FIW","description":"","publisher":{"@id":"https:\/\/www.fiw.ac.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fiw.ac.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fiw.ac.at\/en\/#organization","name":"FIW","url":"https:\/\/www.fiw.ac.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png","contentUrl":"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png","width":843,"height":843,"caption":"FIW"},"image":{"@id":"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CentreFiw"]}]}},"_links":{"self":[{"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/publication\/1556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/types\/publication"}],"wp:attachment":[{"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/media?parent=1556"}],"wp:term":[{"taxonomy":"jelcode","embeddable":true,"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/jelcode?post=1556"},{"taxonomy":"keyword","embeddable":true,"href":"https:\/\/www.fiw.ac.at\/en\/wp-json\/wp\/v2\/keyword?post=1556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}