Used 413 observations Included 15 cross-sectional units

Time-series length: minimum 24, maximum 28 Robust (HAC)1 standard errors

Dependent variable: l_Imports

Coefficient

Std. Error

t-ratio

p-value

Constant

20.6163

3.62980

5.680

<0.0001

***

Real GDP j

−0.00285633

0.00511544

−0.5584

0.5854

Population growth j

0.113518

0.0409368

2.773

0.0150

**

Real GDP K

−0.0473825

0.0162624

−2.914

0.0113

**

Population growth K

−2.47155

0.421757

−5.860

<0.0001

***

Distance Kj

−0.000850837

0.000365052

−2.331

0.0352

**

Trade openness

−0.00226948

0.00479335

−0.4735

0.6432

FDI

−0.0992617

0.0636245

−1.560

0.1410

Exchange rate

1.04040e−05

3.87932e−05

0.2682

0.7925

Oil rent

0.0613269

0.0320034

1.916

0.0760

*