(i)

(ii)

(iii)

(iv)

(v)

(vi)

RTA Dummy

0.043

[0.039]

0.032

[0.040]

0.139*

[0.084]

0.127

[0.082]

0.051

[0.040]

0.041

[0.039]

Ln Importer’s GDP

0.157

[0.165]

0.126

[0.158]

0.536*

[0.214]

0.503**

[0.209]

0.218*

[0.132]

0.215

[0.144]

Ln Exporter’s GDP

0.211

[0.225]

0.227

[0.213]

0.453*

[0.260]

0.461*

[0.247]

0.434**

[0.176]

0.598***

[0.168]

Ln(1 + Importer’s Cases)

0.000

[0.004]

0.000

[0.005]

0.002

[0.002]

Ln(1 + Exporter’s Cases)

−0.009**

[0.004]

−0.010**

[0.005]

−0.010**

[0.005]

Ln(1 + Importer’s Deaths)

−0.002

[0.003]

−0.003

[0.004]

0.003

[0.003]

Ln(1 + Exporter’s Deaths)

−0.011***

[0.003]

−0.012***

[0.004]

−0.016***

[0.004]

Trade Period

Jan-Mar

Jan-Mar

March

March

Jan-Mar

Jan-Mar

COVID Period

Jan-Mar

Jan-Mar

Jan-Mar

Jan-Mar

Jan-feb

Jan-feb

Number of Observations

16,756

16,756

16,182

16,182

16,756

16,756

Log Pseudo Likelihood

−5E + 10

−5E + 10

−3E + 10

−3E + 10

−5E + 10

−5E + 10