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Salter Working Paper Number 11

Estimation of Trade Margins - An Application of the UN Bilateral Trade Data by Mark J. Gehlhar, James K. Binkley and Thomas W. Hertel is Working Paper number 11 in the development of The SALTER Model of the World Economy.

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CONTENTS

Preface

Introduction

Commodity Aggregation Scheme

Characteristics of the Data

Problems Caused by Extreme Observations

Developing a Regression Model

Margin Estimates

Generating Bilateral Trade Margins

Summary and Conclusions

References

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