Variables Aggregate Exports Capital Goods Intermediate Goods Consumption Goods
ln GDPit 1.027***
(0.264)
0.669**
(0.300)
1.083***
(0.252)
1.075***
(0.324)
lnGDPjt 0.201
(0.348)
0.378
(0.404)
0.028
(0.358)
1.393***
(0.467)
lnDistij -2.200***
(0.590)
-3.397***
(1.167)
-2.010***
(0.569)
-2.342***
(0.692)
lnEXRijt 0.365
(0.616)
3.218**
(1.432)
-0.033
(0.643)
-0.192
(0.745)
CLij 6.357**
(3.102)
-12.120***
(4.263)
4.512
(3.210)
3.376
(3.693)
lnCOVit 0.020
(0.023)
0.026
(0.035)
0.021
(0.023)
-0.007
(0.035)
lnCOVjt 0.003
(0.009)
0.026***
(0.007)
-0.008
(0.009)
0.031***
(0.011)
POLit -0.003
(0.003)
-0.003
(0.004)
-0.004
(0.003)
0.001
(0.005)
POLjt 0.001
(0.002)
-0.003**
(0.001)
0.002
(0.002)
0.000
(0.002)
Constant 7.997**
(3.839)
41.267***
(12.736)
15.275***
(3.950)
-3.166
(5.356)
Observations 5,760 663 2,880 2,160
R 2 0.821 0.924 0.875 0.763