Variables | (1) | (2) | (3) |
Fixed ER | 0.134*** | 0.141*** | 0.126*** |
| (0.0307) | (0.0304) | (0.0301) |
Bilateral Trade Value * Fixed ER | 0.00699** |
|
|
| (0.00338) |
|
|
Bilateral Trade Value | −0.00425 |
|
|
| (0.00354) |
|
|
Import From Donor * Fixed ER |
| 0.00604* |
|
|
| (0.00359) |
|
Import From Donor |
| −0.00344 |
|
|
| (0.00368) |
|
Export To Donor * Fixed ER |
|
| 0.00939*** |
|
|
| (0.00360) |
Export to Donor |
|
| −0.00407 |
|
|
| (0.00360) |
Chinn-Ito index | 0.00204 | 0.00269 | 0.00165 |
| (0.0105) | (0.0105) | (0.0105) |
GDP per capita | −0.123*** | −0.124*** | −0.122*** |
| (0.0294) | (0.0294) | (0.0294) |
Population | 1.679*** | 1.675*** | 1.677*** |
| (0.117) | (0.117) | (0.117) |
Democracy | 0.158*** | 0.158*** | 0.158*** |
| (0.0338) | (0.0338) | (0.0338) |
Political Rights | 0.143*** | 0.144*** | 0.142*** |
| (0.0311) | (0.0311) | (0.0310) |
Constant | 13.65*** | 13.67*** | 13.64*** |
| (1.291) | (1.291) | (1.291) |
Year Fixed Effects | Y | Y | Y |
Donor-Recipient Pair Fixed Effects | Y | Y | Y |
Observations | 43,461 | 43,461 | 43,461 |
R-squared | 0.722 | 0.722 | 0.722 |