TABLE A5.

The role of homogenous goods, OLS regression results

Framework	Variables	(1)	(2)	(3)	(4)
		growthijkt	growthijkt	growthijkt	growthijkt
Exporter supply shock*sector characteristic	work mobilityit *remoteik		1.077 ***		1.187 ***
			(0.398)		(0.397)
	work mobilityit *gvcil		1.285 **		1.412 ***
			(0.521)		(0.520)
Partner demand shock*sector characteristic	retail mobilityjt *homog_conk	−0.402 ***	−0.321 ***
		(0.064)	(0.070)
	retail mobilityjt *homog_libk			−0.336 ***	−0.252 ***
				(0.060)	(0.065)
	retail mobilityjt *gvc partnerjk	−0.199 ***	−0.221 ***	−0.194 ***	−0.222 ***
		(0.073)	(0.074)	(0.073)	(0.074)
Third country supply shock	competition shockijkt		0.338*		0.306*
			(0.180)		(0.179)
	upstream shockilt		1.891 **		1.901 **
			(0.887)		(0.889)
	global outputmt	0.865 ***	0.829 ***	0.912 ***	0.862 ***
		(0.156)	(0.166)	(0.156)	(0.165)
	Constant	0.696***	1.118***	0.701***	1.142***
		(0.019)	(0.105)	(0.019)	(0.105)
	Observations	496,295	496,295	496,295	496,295
	R‐squared	.424	.424	.424	.424
	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 output_mt additionally controls for global sector‐time trends. The share of homogenous products traded on an organized exchange in a sector is based on the Rauch classification and serves as inverse measure of a sector's average share of differentiated products. We apply both a more conservative (homog_con_k ) and a more liberal classification (homog_lib_k ) of homogenous products.

^*** p < .01.

^** p < .05.

^* p < .1.