Table 1.
Estimation of the LC impact on bilateral manufacture trade flows by subsample, 1995–2014
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Variables | ln mijt | ln mijt | ln mijt | ln mijt | ln mijt |
| LC | -0.062 | -0.324 | -0.053 | -0.208 | 0.308** |
| (0.057) | (0.214) | (0.082) | (0.212) | (0.146) | |
| ln (Distance ij) | -1.348*** | -1.047*** | -1.170*** | -1.542*** | -1.340*** |
| (0.029) | (0.073) | (0.054) | (0.091) | (0.080) | |
| Contiguityij | 0.160* | 0.811*** | -0.0796 | 0.226 | 0.686* |
| (0.094) | (0.152) | (0.120) | (0.354) | (0.356) | |
| Common Languageij | 0.734*** | 0.560*** | 0.433*** | 1.083*** | 0.690*** |
| (0.069) | (0.147) | (0.125) | (0.192) | (0.111) | |
| Past Colonialij | 0.880*** | 0.407 | 0.863*** | 0.142 | 1.130*** |
| (0.113) | (0.433) | (0.157) | (0.344) | (0.178) | |
| Common Colonialij | 0.964*** | 0.813*** | 1.365*** | 0.790*** | 0.553*** |
| (0.099) | (0.178) | (0.229) | (0.287) | (0.180) | |
| Depth of PTAijt | 0.491*** | 0.428*** | 0.364** | 1.416*** | 1.199*** |
| (0.086) | (0.163) | (0.185) | (0.362) | (0.201) | |
| Sample | All | South to South | North to North | North to South | South to North |
| Observations | 62,320 | 10,914 | 18,294 | 8,550 | 23,372 |
| Adj. R-squared | 0.869 | 0.813 | 0.908 | 0.852 | 0.849 |
| importer—year Fixed Effects (it) | Yes | Yes | Yes | Yes | Yes |
| exporter—year Fixed Effects (jt) | Yes | Yes | Yes | Yes | Yes |
OLS estimates. Standard errors in parentheses are clustered at the dyad level; *p < 0.1; **p < 0.05; ***p < 0.01
Source: authors' computation