Table 6 : Effect of CCFTA Tariff Cuts on Canadian Exports
|
Dependent variable: |
Imports growth rate |
Exports growth rate | ||||
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) | |
|
%Δtariff |
-1.1094*** |
-1.0980*** |
-0.7456* |
-0.7361* |
0.1546 |
0.2054* |
|
(0.4151) |
(0.4084) |
(0.4317) |
(0.4222) |
(0.1070) |
(0.1226) | |
|
%Δtariff other countries |
0.0465 |
0.0570 | ||||
|
(0.0451) |
(0.0479) | |||||
|
Constant |
0.2456 |
0.2465 |
0.3251 |
0.3479 |
-0.2167 |
0.2667 |
|
(0.2285) |
(0.2264) |
(0.2342) |
(0.2308) |
(0.3235) |
(0.3517) | |
|
Industry fixed effects |
NO |
NO |
YES |
YES |
NO |
YES |
|
R2__________________ |
0.0071 |
0.0080 |
0.0096 |
0.0110 |
0.0332 |
0.0387 |
|
Number of observations |
2260 |
2153 |
2260 |
2153 |
640 |
640 |
Notes: The dependent variable is an annual growth rate of Canadian imports in columns (1)-(4) and
annual growth rate of Canadian exports in columns (5) and (6). Standard errors in parentheses. Columns
(2), (4) and (6) include industry fixed effects. All specifications include time fixed effects.
27
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