	FGVCP	BGVCP
	(1)	(2)
TA * TIME * N-N	−0.0324	0.00910
TA * TIME * N-N	(0.0549)	(0.0487)
TA * TIME * N-S	0.206***	0.141**
TA * TIME * N-S	(0.0616)	(0.0585)
TA * TIME * S-N	0.163**	0.175**
TA * TIME * S-N	(0.0701)	(0.0714)
TA * TIME * S-S	−0.0291	−0.0604
TA * TIME * S-S	(0.0651)	(0.0627)
Constant	4.163***	3.752***
Constant	(0.0215)	(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