Table 3.
Regression results for shipping trade (Model 2).
| Country | Affiliated region | Dependent variable: Export Trade |
Dependent variable: Import Trade |
||
|---|---|---|---|---|---|
| Excase | Imcase | Excase | Imcase | ||
| Belgium | European Union | 25.173 (0.299) |
-0.176 (0.831) |
-0.079 (0.776) |
-11.913 (0.444) |
| Denmark | 5.373 (0.331) |
-1.018 (0.947) |
-14.476* (0.096) |
4.557 (0.200) |
|
| Germany | -29.183*** (0.000) |
-1.598 (0.284) |
-0.559 (0.200) |
-26.987*** (0.000) |
|
| France | -6.210* (0.055) |
-0.145 (0.870) |
0.299 (0.170) |
-2.607* (0.051) |
|
| Ireland | 7.969 (0.140) |
-0.915 (0.927) |
-4.026** (0.041) |
-0.0492 (0.743) |
|
| Italy | -2.829 (0.606) |
-0.306 (0.791) |
-0.218 (0.296) |
-3.029* (0.080) |
|
| Dutch | -22.381*** (0.000) |
0.474 (0.742) |
-1.05*** (0.000) |
-0.751 (0.764) |
|
| Greece | 9.306* (0.094) |
-5.033 (0.715) |
-6.061 (0.127) |
1.305 (0.314) |
|
| Spain | 0.901 (0.871) |
0.556 (0.579) |
0.021 (0.847) |
0.716 (0.719) |
|
| Austria | 8.905 (0.102) |
1.216 (0.803) |
-1.642 (0.229) |
2.410 (0.147) |
|
| Sweden | 5.402 (0.337) |
-4.776 (0.566) |
-7.429** (0.043) |
-1.305** (0.042) |
|
| Hungary | 7.277 (0.181) |
-0.923 (0.859) |
-1.199* (0.087) |
1.802 (0.265) |
|
| Poland | -0.445** (0.036) |
0.889 (0.505) |
-0.102 (0.193) |
3.700 (0.226) |
|
| America | North America | 6.928** (0.005) |
-514.443 (0.483) |
0.902 (0.173) |
215.796* (0.086) |
| Canada | -62.376* 0.084 |
128.236** (0.033) |
1.338 (0.555) |
19.521** (0.042) |
|
| Burma | Southeast Asia | 95.334** (0.003) |
-2.082 (0.826) |
7.316 (0.583) |
41.046 (0.436) |
| Indonesia | -7.164 (0.110) |
-0.649 (0.948) |
-9.127 (0.519) |
-5.815 (0.539) |
|
| Malaysia | − 15.72448** (0.018) |
18.324 (0.346) |
-22.823 (0.403) |
-16.908* (0.066) |
|
| Philippines | -4.748729 (0.340) |
9.090 (0.358) |
-7.957 (0.565) |
-4.259 (0.644) |
|
| Singapore | -9.661255** (0.047) |
29.762 (0.158) |
-24.737 (0.399) |
-4.540* (0.063) |
|
| Thailand | -14.13883** (0.032) |
70.464 (0.710) |
-22.026 (0.934) |
-15.859* (0.083) |
|
| Vietnam | -48.09839*** (0.000) |
315.901 (0.636) |
-697.34 (0.457) |
-28.0113** (0.003) |
|
Note: ***, ** and * indicate significance at the1%, 5%and 10% significance levels, respectively. Table in brackets (·) shows lagged values, where (−n) is the nth month before the day examined.