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