(i)

(ii)

(iii)

(iv)

(v)

(vi)

RTA Dummy

0.04

[0.041]

0.03

[0.041]

0.135

[0.085]

0.124

[0.083]

0.044

[0.040]

0.041

[0.039]

Ln Importer’s GDP

0.000

[0.140]

0.027

[0.140]

0.194

[0.190]

0.247

[0.196]

0.193

[0.130]

0.195

[0.138]

Ln Exporter’s GDP

0.228

[0.226]

0.287

[0.219]

0.221

[0.246]

0.300

[0.243]

0.541***

[0.169]

0.651***

[0.167]

Ln(1 + Importer’s Cases)

0.000

[0.004]

0.002

[0.005]

0.003

[0.002]

Ln(1 + Exporter’s Cases)

−0.009**

[0.004]

−0.007

[0.005]

−0.008***

[0.003]

Ln(1 + Importer Neighbors’ Cases)

−0.018*

[0.010]

−0.029

[0.014]

0.014

[0.009]

Ln(1 + Exporter Neighbors’ Cases)

−0.006

[0.011]

−0.019

[0.015]

0.036***

[0.009]

Ln(1 + Importer’s Deaths)

−0.002

[0.004]

−0.002

[0.005]

0.003

[0.003]

Ln(1 + Exporter’s Deaths)

−0.011***

[0.004]

−0.010**

[0.005]

−0.015***

[0.004]

Ln(1 + Importer Neighbors’ Deaths)

−0.014

[0.010]

−0.022

[0.014]

0.042*

[0.022]

Ln(1 + Exporter Neighbors’ Deaths)

0.01

[0.011]

−0.012***

[0.016]

−0.066***

[0.018]

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