| FGVCP | BGVCP |
(1) | (2) | |
Before4 | 0.0373 | −0.0984 |
(0.0871) | (0.0677) | |
Before3 | −0.0523 | −0.0237 |
(0.0450) | (0.0452) | |
Before2 | −0.0136 | −0.0343 |
(0.0367) | (0.0405) | |
Before1 | 0.0481 | 0.0347 |
(0.0347) | (0.0375) | |
After1 | 0.0753** | 0.0789*** |
(0.0295) | (0.0302) | |
After2 | 0.0569** | 0.0828*** |
(0.0248) | (0.0262) | |
After3 | 0.00445 | 0.0481** |
(0.0212) | (0.0200) | |
After4 | 0.00290 | 0.0457*** |
(0.0148) | (0.0149) | |
After5 | 0.0209 | 0.00576 |
(0.0127) | (0.0137) | |
Constant | 7.917*** | 7.723*** |
(0.00529) | (0.00506) | |
Export-time FE | YES | YES |
Import-time FE | YES | YES |
Country-pair FE | YES | YES |
Observations | 18,060 | 18,060 |
R-squared | 0.992 | 0.991 |