Table 3.

CITES and the volume of zoonotic disease trade

	Overall		Below median		Above median
	(1)	(2)	(3)	(4)	(5)	(6)
${\text{CITESapp}}_{\mathit{ist}}$	$-$ 0.874${}^{\ast }$	$-$ 1.277${}^{\ast \ast }$	$-$ 0.727${}^{\ast \ast }$	$-$ 0.750${}^{\ast \ast }$	$-$ 1.742${}^{\ast \ast \ast }$	$-$ 1.799${}^{\ast \ast \ast }$
	(0.475)	(0.526)	(0.334)	(0.355)	(0.546)	(0.541)
${\text{RTA}}_{\mathit{ijt}}$	0.794${}^{\ast \ast \ast }$	0.820${}^{\ast \ast \ast }$	$-$ 0.067	$-$ 0.169	0.859${}^{\ast \ast \ast }$	0.825${}^{\ast \ast \ast }$
	(0.260)	(0.277)	(0.206)	(0.237)	(0.288)	(0.285)
${\text{Specimens}}_{\mathit{ist}}$	1.874${}^{\ast \ast \ast }$	1.859${}^{\ast \ast \ast }$	3.105${}^{\ast \ast \ast }$	3.087${}^{\ast \ast \ast }$	1.831${}^{\ast \ast \ast }$	1.851${}^{\ast \ast \ast }$
	(0.547)	(0.603)	(0.313)	(0.421)	(0.558)	(0.606)
Importer-year FE	Yes		Yes		Yes
Exporter-year FE	Yes		Yes		Yes
Bilateral FE	Yes		Yes		Yes
Taxon FE	Yes		Yes		Yes
Observations	32,047		18,750		14,750
Pseudo R${}^2$	0.873	0.892	0.933	0.958	0.859	0.868

Dependent Variable in columns (1), (3) and (5): Quantity of animals traded. Dependent variable in columns (2), (4), (6): Volume of potential zoonotic disease traded. Below (above) median refers to a subsample of species, which are below (above) the median in the potential zoonotic disease content. ${}^{\ast }$, ${}^{\ast \ast }$, ${}^{\ast \ast \ast }$ indicate 10, 5, 1 % significance levels. Standard errors are in parentheses and clustered at the exporter-importer level. Constant included but not reported