From Estimation Results to Stylized Facts: Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms
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From Estimation Results to Stylized Facts : Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms. / Wagner, Joachim.
Microeconometrics of International Trade. ed. / Joachim Wagner. World Scientific Publishing Co., 2016. p. 479-514 (World Scientific Studies in International Economics; Vol. 52).Research output: Contributions to collected editions/works › Chapter › peer-review
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TY - CHAP
T1 - From Estimation Results to Stylized Facts
T2 - Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms
AU - Wagner, Joachim
N1 - Publisher Copyright: © 2016 by World Scientific Publishing Co. Pte. Ltd.
PY - 2016/7/1
Y1 - 2016/7/1
N2 - Heterogeneous firms are at the heart of both the New New International Trade Theory and the Micro-econometrics of International Firm Activities. One important aim of microeconometric studies is to uncover stylized facts that hold over space and time, and that can both inspire theoretical models that are based on “realistic” assumptions, and inform policy debates in an evidence-based way. Which results from the thousands of empirical estimates reported in the literature on the microeconometrics of international firm activities do we consider as convincing? Based on my own experience from the last 20 years, I use the opportunity of this chapter to make 12 recommendations that, hopefully, will help to find the right way on the thorny road from estimation results to stylized facts. I will deal with the following topics: comparisons of means vs. comparisons of distributions; extremely different firms, or outliers; unobserved heterogeneity; simultaneous occurrence of differences across quantiles, outliers, and unobserved heterogeneity; heterogeneous effects of international firm activities on firm performance; replication; within-study replication by international research teams; meta-analysis; and talking to practitioners.
AB - Heterogeneous firms are at the heart of both the New New International Trade Theory and the Micro-econometrics of International Firm Activities. One important aim of microeconometric studies is to uncover stylized facts that hold over space and time, and that can both inspire theoretical models that are based on “realistic” assumptions, and inform policy debates in an evidence-based way. Which results from the thousands of empirical estimates reported in the literature on the microeconometrics of international firm activities do we consider as convincing? Based on my own experience from the last 20 years, I use the opportunity of this chapter to make 12 recommendations that, hopefully, will help to find the right way on the thorny road from estimation results to stylized facts. I will deal with the following topics: comparisons of means vs. comparisons of distributions; extremely different firms, or outliers; unobserved heterogeneity; simultaneous occurrence of differences across quantiles, outliers, and unobserved heterogeneity; heterogeneous effects of international firm activities on firm performance; replication; within-study replication by international research teams; meta-analysis; and talking to practitioners.
KW - heterogeneous firms
KW - International firm activities
KW - meta analysis
KW - replication
KW - robust statistics
KW - stylized facts
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=85135664208&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/892e4459-c232-3ecb-b77d-7872e03c630c/
U2 - 10.1142/9789813109698_0015
DO - 10.1142/9789813109698_0015
M3 - Chapter
AN - SCOPUS:85135664208
SN - 9789813109681
T3 - World Scientific Studies in International Economics
SP - 479
EP - 514
BT - Microeconometrics of International Trade
A2 - Wagner, Joachim
PB - World Scientific Publishing Co.
ER -