Table 5: Effect of CCFTA on Canadian Exports
|
OLS (1) |
FE (2) |
OLS (3) |
FE |
OLS (5) |
FE (6) | |
|
Chili Dummy |
0.1330 |
-0.2482* |
-0.0789 |
-0.0615 |
-0.0826 |
0.0333 |
|
(0.1583) |
(0.1415) |
(0.1261) |
(0.1034) |
(0.1694) |
(0.1363) | |
|
FTA dummy |
-0.1493 |
0.1250 |
0.1770 |
0.2079 |
0.0191 |
-0.0410 |
|
(0.1882) |
(0.1680) |
(0.1739) |
(0.1421) |
(0.2259) |
(0.1795) | |
|
%Δ(Exchange |
-0.0758 |
-0.1150*** | ||||
|
rate) |
(0.0531) |
(0.0425) | ||||
|
log(GDP) |
0.0357*** |
0.0412*** |
0.0297*** |
0.0342*** | ||
|
(0.0053) |
(0.0044) |
(0.0073) |
(0.0060) | |||
|
Furtalizer |
-0.0000 |
0.0000** |
0.0000 |
0.0000*** | ||
|
(0.0000) |
(0.0000) |
(0.0000) |
(0.0000) | |||
|
log(Ag. land) |
0.1581*** |
0.1197*** |
0.2072*** |
0.1581*** | ||
|
(0.0060) |
(0.0050) |
(0.0085) |
(0.0071) | |||
|
Ag. land per |
-11.2879*** |
-12.4622*** |
-15.9266*** |
-17.4019*** | ||
|
worker |
(0.8435) |
(0.6981) |
(1.3476) |
(1.0970) | ||
|
log(Distance) |
0.1229*** |
0.1241*** |
0.1832*** |
0.2067*** | ||
|
(0.0260) |
(0.0220) |
(0.0355) |
(0.0299) | |||
|
Common |
-0.0534 |
-0.1243*** |
0.0441 |
-0.0867** | ||
|
language |
(0.0351) |
(0.0294) |
(0.0511) |
(0.0424) | ||
|
Landlocked |
-0.2879*** |
-0.5439*** |
-0.4899*** |
-0.7542*** | ||
|
(0.0685) |
(0.0567) |
(0.1152) |
(0.0936) | |||
|
Island |
-0.5742*** |
-0.2177*** |
-0.6564*** |
-0.2383*** | ||
|
(0.0359) |
(0.0301) |
(0.0500) |
(0.0415) | |||
|
Constant |
10.7359*** |
10.7044*** |
7.9304*** |
7.9347*** |
7.6473*** |
7.6378*** |
|
(0.0386) |
(0.0346) |
(0.2273) |
(0.1938) |
(0.3097) |
(0.2628) | |
|
R2 |
0.0369 |
0.0278 |
0.1051 |
0.0830 |
0.1364 |
0.1041 |
|
N___________ |
126955 |
126955 |
35691 |
35691 |
18815 |
18815 |
Notes: The dependent variable is log of Canadian exports value (annual). Standard errors in
parentheses. Columns (2), (4) and (6) include industry fixed effects. All specifications include
time fixed effects.
26
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