TABLE 6.
Supply, demand and third‐country shocks and bilateral export growth, the role of sector characteristics, including China, OLS regression results
| Framework | Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|---|
| growthijkt | growthijkt | growthijkt | growthijkt | ||
| Exporter supply shock*sector characteristic | ipiit *remoteik | 1.309 *** | 0.772 * | ||
| (0.440) | (0.469) | ||||
| ipiit *gvcil | 2.104 *** | 2.571 *** | |||
| (0.616) | (0.638) | ||||
| Partner demand shock*sector characteristic | ipijt *durablek | 0.475 *** | 0.382 ** | ||
| (0.161) | (0.167) | ||||
| ipijt *gvc partnerjl | −0.197 | −0.239 * | |||
| (0.122) | (0.127) | ||||
| Third country supply shock | competition shockijkt | −0.549 *** | −0.244 | ||
| (0.141) | (0.158) | ||||
| upstream shockilt | 1.804 ** | 2.400 *** | |||
| (0.727) | (0.789) | ||||
| global outputmt | 0.851 *** | 0.710 *** | 0.754 *** | 0.611 *** | |
| (0.143) | (0.148) | (0.143) | (0.153) | ||
| Constant | 0.840 *** | 0.657 *** | 0.813 *** | 0.971 *** | |
| (0.030) | (0.018) | (0.069) | (0.085) | ||
| Observations | 561,693 | 510,641 | 588,245 | 487,264 | |
| R‐squared | .433 | .433 | .433 | .433 | |
| 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.