| Independent variable | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | Model 6 |
Time-varying SFA model | Constant | 8.989*** (−8.924) | 8.070*** (−8.166) | 6.868*** (−6.699) | 6.885*** (−6.649) | 6.966*** (−6.632) | 6.824*** (−6.294) |
Ln(GDPD*GDPF) | 0.769*** (−32.329) | 0.769*** (−32.845) | 0.771*** (−32.512) | 0.761*** (−32.252) | 0.767*** (−31.691) | 0.782*** (−29.239) | |
Ln(POPD*POPF) | 0.942*** (−40.83) | 0.942*** (−41.901) | 0.987*** (−38.892) | 0.966*** (−37.763) | 0.971*** (−37.146) | 0.997*** (−30.985) | |
LnDIS | −0.829*** (−9.787) | −0.698*** (−8.213) | −0.620*** (−7.183) | −0.598*** (−6.774) | −0.609*** (−6.756) | −0.620*** (−6.656) | |
Lnrelation | 0.441*** (−7.125) | 0.367*** (−5.789) | 0.315*** (−4.836) | 0.327*** (−4.989) | 0.331*** (−4.986) | 0.331*** (−4.955) | |
Trade inefficiency function | Constant | −0.611** (−2.231) | −2.262*** (−5.471) | −2.705*** (−5.679) | −6.482*** (−5.977) | −5.566*** (−4.612) | −7.847*** (−3.909) |
EFFI | −2.024*** (−8.028) | −2.723*** (−9.081) | −2.378*** (−8.036) | −2.948*** (−8.416) | −2.760*** (−8.006) | −2.905*** (−8.084) | |
LnFIX |
| 0.530*** (−5.341) | 0.673*** (−6.197) | 0.623*** (−5.319) | 0.609*** (−4.912) | 0.587*** (−4.739) | |
PS |
|
| −0.621*** (−3.937) | −0.540*** (−3.287) | −0.527*** (−3.149) | −0.447*** (−2.628) | |
FF |
|
|
| 1.014*** (−4.497) | 1.308*** (−4.644) | 1.482*** (−4.562) | |
INF |
|
|
|
| −0.505** (−2.347) | −0.524** (−2.404) | |
LnAK |
|
|
|
|
| 0.132 (−1.579) | |
reference | Observations | 768 | 768 | 768 | 768 | 768 | 768 |
Log likelihood | −975.372 | −959.641 | −951.160 | −939.063 | −924.372 | −923.224 |