Table 11.

Effects on sector structure, using Kyoto but same sample as if CO₂ index was used

Dependent variable	Exports (separate)	Imports (separate)	Exports (joint)	Imports (joint)	Exports-Imports
Equation number	(9)	(10)	(11a)	(11b)	(12)
ln(income)	0.081***	0.033***	− 0.068***	0.057***	− 0.093***
	(0.015)	(0.013)	(0.012)	(0.012)	(0.010)
ln(income)2	− 0.001	− 0.006**	-	-	-
	(0.004)	(0.003)
Rents coal	0.045***	0.014*	− 0.016*	0.002	− 0.028***
	(0.010)	(0.008)	(0.009)	(0.009)	(0.007)
Rents oil	− 0.003	− 0.005*	− 0.017***	0.013***	− 0.026***
	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)
Rents gas	0.005	0.003	0.006*	− 0.012***	0.012***
	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)
Trade	0.124***	0.068*	0.140***	− 0.169***	0.255***
	(0.043)	(0.036)	(0.036)	(0.036)	(0.027)
Kyoto	0.008	0.019**	− 0.013	− 0.023**	0.000
	(0.010)	(0.008)	(0.010)	(0.010)	(0.008)
Country FE	YES	YES	YES	YES	JOINT
Partner FE	NO	NO	YES	YES	JOINT
Year FE	YES	YES	YES	YES	NO
Weights	YES	YES	YES	YES	YES
N	525	525	18,309	18,309	8864
R2	0.915	0.906	0.913	0.913	0.471
R2 within	0.002	0.002	0.002	0.002	0.001

Note: Standard errors in parentheses. */**/***: significant at 10/5/1%. All regressions are weighted by trade flows