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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 2 Effect of AfT flows and development strategy on structural change in production

From: Comparative Advantage Following (CAF) development strategy, Aid for Trade flows and structural change in production

Variables

log(SCINAV)

log(SCINAV)

log(SCINAV)

log(SCINAV)

(1)

(2)

(3)

(4)

log(SCINAV)t−1

0.164 (0.0269)***

0.295 (0.0267)***

0.179 (0.0132)***

0.228 (0.0159)***

TCI

0.0159 (0.00454)***

 

0.0159 (0.00307)***

0.0488 (0.0196)**

log(AfTTOTCST)

 

0.0343 (0.0378)

0.0743 (0.0176)***

0.0620 (0.0132)***

[TCI] × [log(GDPC)]

   

− 0.00698 (0.00289)**

TP

0.000529 (0.00396)

− 0.00243 (0.00473)

0.000189 (0.00266)

− 0.00165 (0.00287)

EDU

− 0.0110 (0.00162)***

− 0.00284 (0.00153)*

− 0.0110 (0.00127)***

− 0.00855 (0.00113)***

FINDEV

0.00818 (0.00163)***

− 0.00237 (0.00173)

0.00353 (0.00105)***

0.000857 (0.000876)

log(GDPC)

0.00750 (0.0431)

0.131 (0.0611)**

0.116 (0.0328)***

0.144 (0.0277)***

log(POP)

− 0.180 (0.0298)***

− 0.107 (0.0477)**

− 0.262 (0.0215)***

− 0.229 (0.0180)***

SHARABLE

− 0.00135 (0.00364)

0.0125 (0.00447)***

0.00540 (0.00237)**

0.00539 (0.00178)***

INST

− 0.139 (0.0307)***

− 0.0353 (0.0486)

− 0.123 (0.0234)***

− 0.145 (0.0259)***

Constant

− 0.698 (0.773)

− 2.586 (0.942)***

− 1.299 (0.441)***

− 1.067 (0.300)***

Observations–countries

356–81

435–81

334–81

334–81

Number of Instruments

64

64

74

75

AR1 (p value)

0.0000

0.0000

0.0000

0.0000

AR2 (p value)

0.7562

0.2204

0.3374

0.2883

AR3 (p value)

0.2605

0.8121

0.4544

0.3923

Sargan (p value)

0.6131

0.4734

0.3198

0.2523

  1. Robust standard errors are in parenthesis. In the regressions, the variables “AfTTOTCST, TCI, TP, EDU, and FINDEV” have been considered as endogenous. The other variables have been considered as exogenous
  2. Estimator: Two-step system GMM
  3. p value < 0.1; ** p value < 0.05; *** p value < 0.01