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Table 1 Summary statistics

From: SAFTA and AFTA: a comparative welfare analysis of two regional trade agreements

 

Mean

SD

Min

Max

Trade flow (mn, USD)

545.44

5862.42

0.00

444,407.20

Rta, dummy (0,1)

0.17

0.38

0.00

1.00

Distance, LnDIST

8.76

0.82

0.63

9.89

Contiguity, dummy (0,1)

0.02

0.13

0.00

1.00

Common language, dummy (0,1)

0.15

0.35

0.00

1.00

Common colony, dummy (0,1)

0.10

0.30

0.00

1.00

R 2

0.89

   
  1. Total numbers of countries are 173 and observations are 29,756. RTA dummy takes 1 if two countries are related by a trade agreement
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