(1)

(2)

(3)

Total logarithmic imports

Total logarithmic exports

Logarithmic total import and export

VARIABLES

LnY_im

LnY_ex

LnY

lnHP

1.783***

2.063***

2.099***

(0.647)

(0.650)

(0.547)

lnHP^2

−0.112***

−0.121***

−0.126***

(0.035)

(0.035)

(0.029)

lnWage

0.400***

0.706***

0.578***

(0.113)

(0.113)

(0.095)

lnSalary

0.429**

0.015

0.248

(0.206)

(0.207)

(0.175)

lnLoan

−0.033

0.178*

0.052

(0.095)

(0.095)

(0.080)

lnGDP

−0.042

0.437***

0.237*

(0.143)

(0.144)

(0.121)

lnIvest

0.110***

0.071*

0.064**

(0.037)

(0.037)

(0.031)

lnState

0.016

0.101*

0.047

(0.053)

(0.053)

(0.044)

Open_im

0.002

−0.001

−0.000

(0.002)

(0.002)

(0.001)

Open_ex

−0.001

0.001

0.000

(0.001)

(0.001)

(0.001)

Constant

−2.419

−15.963***

−9.584***

(3.284)

(3.298)

(2.776)

Year fixed effect

Y

Y

Y

Individual fixation effect

Y

Y

Y

Observations

544

544

544

R-squared

0.957

0.958

0.970

Number of id

34

34

34