FGVCP

BGVCP

(1)

(2)

TA * TIME * N-N

−0.0343

0.00786

(0.0369)

(0.0342)

TA * TIME * N-S

0.208***

0.144***

(0.0384)

(0.0368)

TA * TIME * S-N

0.165***

0.178***

(0.0437)

(0.0444)

TA * TIME * S-S

−0.0260

−0.0569

(0.0466)

(0.0455)

Dist * 2006

−3.12e−06

−7.65e−06*

(4.03e−06)

(3.98e−06)

Dist * 2007

−2.58e−06

−6.70e−06*

(3.93e−06)

(3.99e−06)

Dist * 2008

−9.04e−07

−6.01e−06

(3.87e−06)

(3.97e−06)

Dist * 2009

1.69e−06

1.57e−06

(3.82e−06)

(3.82e−06)

Dist * 2010

−5.01e−07

−1.45e−06

(3.82e−06)

(3.79e−06)

Dist * 2011

−1.97e−06

−4.00e−06

(3.88e−06)

(3.96e−06)

Dist * 2012

3.12e−07

−3.71e−06

(3.72e−06)

(3.80e−06)

Dist * 2013

1.09e−06

−1.21e−06

(4.24e−06)

(4.27e−06)

Dist * 2014

3.38e−06

1.46e−06

(4.35e−06)

(4.40e−06)

Constant

4.164***

3.765***

(0.0216)

(0.0213)

Export-time FE

YES

YES

Import-time FE

YES

YES

Country-pair FE

YES

YES

Observations

18,060

18,060

R-squared

0.988

0.988