DIDID

DID

OLS FE (2)

Tobit RE (1)

OLS FE (4)

Tobit RE (3)

USA*MD* y_r2010

−1.0121***

(0.3670)

−1.7730***

(0.5462)

USA*y_r2010

−0.2492***

(0.0951)

−0.3351**

(0.1122)

−1.2610***

(0.3551)

−2.5213**

(0.6021)

y_r2007

−0.1061

(0.0542)

−0.1332**

(0.0641)

−0.1453

(0.2023)

−0.2430

(0.3331)

y_r2009

−0.0321

(0.0552)

−0.0401

(0.0641)

−0.1690

(0.1981)

−0.3112

(0.3150)

y_r2010

0.2470***

(0.0632)

0.3322***

(0.0702)

−0.1401

(0.2770)

−0.0800

(0.4152)

MD*y_r2010

−0.3281

(0.2452)

−0.5310

(0.331)

_cons

−3.6381***

(0.0350)

−4.4230***

(0.1461)

−6.5521***

(0.1272)

−8.5070***

(0.5311)

Fixed/Random effect

vanilla*country

*market

vanilla*country

*market

vanilla*country

vanilla*country

Marginal effect of AGOA suspension

−63.60%

−78.12%

−71.70%

−81.6%

R²

0.0009

0.0210

Log likelihood

−25997.480

−3592.81

N

11044

11044

1592

1592