Dependent variable: Mij

(1)

(2)

(3)

(4)

(5)

Log GDPi

0.58

(0.000)*

1.00

(0.000)*

-

-

-

Log GDPj

1.41

(0.000)*

1.31

(0.000)*

1.48

(0.000)*

-

-

Log Distij

−1.55

(0.000)

−1.94

(0.000)*

−1.55

(0.000)*

−1.81

(0.032)

−1.83

(0.076)

Comlangij

0.88

(0.32)

0.60

(0.204)

0.74

(0.111)

0.86

(0.449)

0.81

(0.562)

Log RERij

0.25

(0.069)

0.11

(0.439)

0.36

(0.009)

1.04

(0.000)*

0.87

(0.000)*

GGIi

-

-

−1.22

(0.001)*

-

-

GGIj

-

1.01

(0.000)*

-

1.78

(0.000)*

1.68

(0.000)*

Ddij

-

-

-

0.43

(0.000)*

Tinteg ij

-

-

-

-

−0.01

(0.000)*

const

−29.81

(0.000)*

−35.14

(0.000)*

−17.388

(0. 000)*

20.079

(0.001)*

21.064

(0.006)

B. Pagan T

chibar2 (01)

Prob > chibar2

1530.02

(0.000)*

1406.65

(0.000)*

1448.18

(0.000)*

4113.85

(0.000)*

2429.87

(0.000)*

R2

0.84

0.84

0.83

0.20

0.19