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

Table 5 Effect of the total AfT flows and development strategy on structural change in production (“SCMLI”)

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

Variables

Log(SCIMLI)

Log(SCIMLI)

(1)

(2)

log(SCIMLI)t−1

0.162 (0.0179)***

0.212 (0.0308)***

TCI

0.0124 (0.00262)***

0.147 (0.0485)***

log(AfTTOTCST)

0.0615 (0.0221)***

0.0545 (0.0231)**

[TCI] × [log(AfTTOTCST)]

 

− 0.00753 (0.00253)***

TP

0.00353 (0.00214)*

0.00127 (0.00296)

EDU

− 0.00890 (0.000960)***

− 0.00706 (0.000992)***

FINDEV

0.00250 (0.000940)***

0.00106 (0.00117)

log(GDPC)

0.0605 (0.0301)**

0.0235 (0.0287)

log(POP)

− 0.305 (0.0157)***

− 0.254 (0.0289)***

SHARABLE

0.00931 (0.00257)***

0.00560 (0.00315)*

INST

− 0.114 (0.0258)***

− 0.0582 (0.0298)*

Constant

− 0.0137 (0.426)

− 0.338 (0.419)

Observations–countries

327–80

327–80

Number of instruments

74

71

AR1 (p value)

0.0000

0.0000

AR2 (p value)

0.6695

0.8697

AR3 (p value)

0.5287

0.5617

Sargan (p value)

0.3275

0.4172

  1. Estimator: Two-step system GMM
  2. 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. Time dummies have been included in the regressions
  3. p value < 0.1; ** p value < 0.05; *** p value < 0.01