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

Table 4 The influence of Colombian institutions on its exports

From: The role of institutional quality in the international trade of a Latin American country: evidence from Colombian export performance

Variables Control of corruption (t − 1) Government effectiveness (t − 1) Political stability (t − 1) Regulatory quality (t − 1) Rule of law (t − 1) Voice and accountability (t − 1)
Institutional indexCol (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)
LogDISTColj − 1.312*** − 1.311*** − 1.317*** − 1.316*** − 1.314*** − 1.315***
(0.285) (0.285) (0.285) (0.284) (0.285) (0.285)
CONTIGColj 0.201 0.197 0.217 0.217 0.200 0.210
(0.406) (0.407) (0.406) (0.406) (0.406) (0.407)
COMLANGColj 0.545 0.544 0.548 0.552 0.543 0.544
(0.372) (0.372) (0.372) (0.372) (0.372) (0.372)
LogGDPj 0.786*** 0.786*** 0.786*** 0.786*** 0.787*** 0.786***
(0.087) (0.087) (0.087) (0.087) (0.087) (0.087)
LogLABCOMPCol 2.533** 2.944** 2.617*** 2.044** 2.586** 2.990***
(1.071) (1.149) (0.878) (0.882) (1.202) (1.010)
WTOj − 0.444 − 0.441 − 0.454 − 0.453 − 0.443 − 0.449
(0.698) (0.698) (0.698) (0.697) (0.698) (0.698)
OECDj 0.280 0.275 0.289 0.294 0.272 0.281
(0.540) (0.542) (0.544) (0.544) (0.542) (0.544)
FTAColj − 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
  1. Robust standard errors in parentheses. These are based on robust standard errors that have been adjusted for clustering by country pair
  2. ***p < 0.01
  3. **p < 0.05
  4. *p < 0.1