TABLE 3.
Supply, demand and third‐country shocks and bilateral export growth, the role of sector characteristics, OLS regression results, alternative shocks
| Framework | Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|---|
| growthijkt | growthijkt | growthijkt | growthijkt | ||
| Exporter supply shock*sector characteristic | ipiit *remoteik | 1.003 ** | 1.122 ** | ||
| (0.498) | (0.520) | ||||
| ipiit *gvcil | 2.060 *** | 2.343 *** | |||
| (0.668) | (0.677) | ||||
| Partner demand shock*sector characteristic | ipijt *durablek | 0.499 *** | 0.470 ** | ||
| (0.185) | (0.191) | ||||
| ipijt *gvc partnerjl | −0.390 *** | −0.394 *** | |||
| (0.141) | (0.141) | ||||
| Third country supply shock | competition shockijkt | −0.067 | 0.187 | ||
| (0.175) | (0.182) | ||||
| upstream shockilt | 1.828 ** | 2.207 ** | |||
| (0.877) | (0.886) | ||||
| global outputmt | 0.941 *** | 0.755 *** | 0.885 *** | 0.662 *** | |
| (0.155) | (0.162) | (0.167) | (0.171) | ||
| Constant | 0.818 *** | 0.672 *** | 0.862 *** | 1.032 *** | |
| (0.034) | (0.017) | (0.081) | (0.095) | ||
| Observations | 450,629 | 450,629 | 450,629 | 450,629 | |
| R‐squared | .429 | .429 | .429 | .429 | |
| Exporter‐time FE | Yes | Yes | Yes | Yes | |
| Importer‐time FE | Yes | Yes | Yes | Yes | |
| Exporter‐partner‐sector FE | Yes | Yes | Yes | Yes | |
| Sector‐time FE | Yes | Yes | Yes | Yes | |
| Cluster | Exporter‐partner | Exporter‐partner | Exporter‐partner | Exporter‐partner |
Robust standard errors in parentheses. Sector‐time fixed effects control for unobserved effects affecting aggregated sectors over time (see Footnote 10). The variable global outputmt additionally controls for global sector‐time trends.
***
p < .01.
**
p < .05.
*
p < .1.