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Table 11 Alternative approach to evaluate counterfactual effect of SAFTA

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

Country

Conditional

Full

Bangladesh

− 4.30

− 7.54

Bhutan

− 3.56

− 6.25

India

− 0.84

− 1.45

Maldives

− 5.25

− 9.12

Nepal

− 3.89

− 6.83

Pakistan

− 4.26

− 6.95

Sri Lanka

− 3.43

− 6.02

SAFTA average

− 3.65

− 6.39

Third country average

0.00

0.04

World average

− 0.15

− 0.22

  1. One may consider (or avoid it as this not the main identification strategy of my paper) it only as an alternative approach to evaluate benchmark indexes when I constrain all the trade cost coefficients from Felbermayr et al. (2015) in the baseline step of GEPPML estimator. The results of first and second columns are almost similar to the third column of Table 5 and third column of Table 6, respectively
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