Table 4 The influence of Colombian institutions on its exports

Institutional index_{Col (t − 1)}

− 1.142**

0.673**

0.226***

0.993***

0.942***

0.522**

(0.528)

(0.288)

(0.072)

(0.230)

(0.351)

(0.203)

LogDIST_Colj

− 1.312***

− 1.311***

− 1.317***

− 1.316***

− 1.314***

− 1.315***

(0.285)

(0.285)

(0.285)

(0.284)

(0.285)

(0.285)

CONTIG_Colj

0.201

0.197

0.217

0.217

0.200

0.210

(0.406)

(0.407)

(0.406)

(0.406)

(0.406)

(0.407)

COMLANG_Colj

0.545

0.544

0.548

0.552

0.543

0.544

(0.372)

(0.372)

(0.372)

(0.372)

(0.372)

(0.372)

LogGDP_j

0.786***

0.786***

0.786***

0.786***

0.787***

0.786***

(0.087)

(0.087)

(0.087)

(0.087)

(0.087)

(0.087)

LogLABCOMP_Col

2.533**

2.944**

2.617***

2.044**

2.586**

2.990***

(1.071)

(1.149)

(0.878)

(0.882)

(1.202)

(1.010)

WTO_j

− 0.444

− 0.441

− 0.454

− 0.453

− 0.443

− 0.449

(0.698)

(0.698)

(0.698)

(0.697)

(0.698)

(0.698)

OECD_j

0.280

0.275

0.289

0.294

0.272

0.281

(0.540)

(0.542)

(0.544)

(0.544)

(0.542)

(0.544)

FTA_Colj

− 0.292*

− 0.284*

− 0.306*

− 0.316*

− 0.281*

− 0.293*

(0.163)

(0.166)

(0.167)

(0.166)

(0.163)

(0.168)

Constant

− 14.791

− 18.342*

− 14.889*

− 10.070

− 14.621

− 18.738**

(9.800)

(10.549)

(8.145)

(8.443)

(11.379)

(9.328)

Observations

1869

1869

1869

1869

1869

1869

R-squared

0.889

0.889

0.888

0.894

0.895

0.887

Reset test

0.654

0.681

0.683

0.699

0.691

0.681