FGVCP

BGVCP

(1)

(2)

TA * TIME * N-N

−0.0324

0.00910

(0.0364)

(0.0337)

TA * TIME * N-S

0.206***

0.141***

(0.0382)

(0.0367)

TA * TIME * S-N

0.163***

0.175***

(0.0436)

(0.0443)

TA * TIME * S-S

−0.0291

−0.0604

(0.0461)

(0.0452)

Constant

4.163***

3.752***

(0.0149)

(0.0147)

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