	FGVCP	BGVCP
	(1)	(2)
TA * TIME * N-N	−0.0382	0.00200
TA * TIME * N-N	(0.0385)	(0.0360)
TA * TIME * N-S	0.202***	0.134***
TA * TIME * N-S	(0.0388)	(0.0377)
TA * TIME * S-N	0.154***	0.169***
TA * TIME * S-N	(0.0444)	(0.0448)
TA * TIME * S-S	−0.0310	−0.0638
TA * TIME * S-S	(0.0463)	(0.0454)
Constant	4.032***	3.599***
Constant	(0.0155)	(0.0153)
Export-time FE	YES	YES
Import-time FE	YES	YES
Country-pair FE	YES	YES
Observations	17,573	17,486
R-squared	0.987	0.986