Determinants of U.S. Textile and Apparel Import Trade



Table 3. Gravity Model Estimates on the Import of Textiles and Apparel

Variable name

Textile

Apparel

Point Estimate

P-value

Point Estimate

P-value

Intercept

382.46

0.1773

45627.66

0.0001

GDPi

0.00026***

0.0001

-0.00022***

0.0192

PCIi

-0.018***

0.0001

0.0188*

0.0828

GDPus

-0.00021

0.1688

0.0112***

0.0001

PCIus

0.098**

0.0482

-3.823***

0.0001

EXRATEius

-40.05***

0.0029

-2827.24***

0.0001

INFRATEus

-15.27***

0.0005

292.43***

0.0001

INFRATEi

-1.436***

0.0001

-47.002***

0.0001

DISTius

-0.083***

0.0001

-0.8105***

0.0001

DMFA

-492.34***

0.0001

-5979.63***

0.0001

R2

0.86

0.94

***

**

*

Refers to significance at 1% level

Refers to significance at 5% level

Refers to significance at 10% level

22



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