Dependent Variable: Bilateral Trade

VARIABLES

OLS

PPMLHDFE

Bilateral distance

−1.210*** (0.0476)

−1.107*** (0.0733)

Common border

0.447*** (0.156)

0.457*** (0.147)

Common official language

0.786*** (0.0806)

0.282** (0.116)

Common colonizer

0.613*** (0.114)

−0.299 (0.342)

Common currency

0.728*** (0.162)

1.342*** (0.144)

Common religion

0.584*** (0.105)

1.522*** (0.227)

Importer landlocked

−3.894*** (0.317)

11.74*** (0.758)

CEDEAO

1.151*** (0.141)

0.589** (0.261)

Observations

31,974

31,116

R-squared

0.823

0.991

Exporter fixed effects

Yes

Yes

Importer fixed effects

Yes

Yes