TABLE 5.
Supply, demand and third‐country shocks and bilateral export growth, the role of sector characteristics, OLS regression results, April to June 2020 only
| Framework | Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|---|
| growthijkt | growthijkt | growthijkt | growthijkt | ||
| Exporter supply shock*sector characteristic | work mobilityit *remoteik | 1.437 ** | 0.766 | ||
| (0.559) | (0.599) | ||||
| work mobilityit *gvcil | 2.719 *** | 2.720 *** | |||
| (0.820) | (0.832) | ||||
| Partner demand shock*sector characteristic | retail mobilityjt *durablek | 0.809 *** | 0.740 *** | ||
| (0.143) | (0.147) | ||||
| retail mobilityjt *gvc partnerjl | −0.364 *** | −0.388 *** | |||
| (0.112) | (0.113) | ||||
| Third country supply shock | competition shockijkt | −1.213*** | −0.594 | ||
| (0.361) | (0.382) | ||||
| upstream shockilt | 0.841 | 1.211 | |||
| (1.154) | (1.164) | ||||
| global outputmt | 0.851 *** | 0.308 | 0.787 *** | 0.215 | |
| (0.195) | (0.216) | (0.205) | (0.224) | ||
| Constant | 1.092 *** | 0.552 *** | 0.573 *** | 1.004 *** | |
| (0.103) | (0.034) | (0.149) | (0.207) | ||
| Observations | 285,783 | 285,783 | 285,783 | 285,783 | |
| R‐squared | .535 | .535 | .535 | .535 | |
| 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. Note: 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.