| |
Intra-industry trade in vertically and inferiorly differentiated products |
Intra-industry trade in vertically and superiorly differentiated products |
| Coefficient (t-Student) |
Coefficient (t-Student) |
| TSDt-1 |
0.190*
( 0.148) |
-0.588*
( -0.395) |
| INV |
0.257*
(0.132) |
0.287**
(0.111) |
| DS |
0.233
(1.157) |
0.291***
(2.011) |
| FSH |
0.627***
(1.08) |
-0.387***
(-0.471) |
| FSV |
-7.925*
(1.22) |
6.087***
(2.45) |
| TER |
-4.057**
(-4.389) |
-9.11**
(-4.101) |
| OC |
0.046
(0.149) |
0.369**
(0.804) |
| GDP |
8.548
(2.33) |
5.111
(2.32) |
| Constant |
-14.254**
( -2.87) |
-34.81***
(-3.74) |
Hansen test of validity of
instruments |
chi2(198) = 0.00
p-value = 1.000 |
chi2(198) = 0.00
p-value = 1.000 |
Sargan test of validity of
instruments |
chi2(198) = 152.35
p-value = 0.447 |
chi2(198) = 155.11
p-value = 0.391 |
| Arellano-Bond test for AR (1) in first differences
|
z = -2.75
p-value = 0.039 |
z = -2.87
p-value = 0.049 |
| Arellano-Bond test for AR (2) in first differences |
z = 0.64
p-value= 0.417 |
z = 0.61
p-value= 0.401 |
| (***) Significant at 1%; (**) Significant at 5%; (*) Significant at 10%. |