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

Table 5 The influence of the institutional distance between Colombia and importing countries on Colombian exports

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

 

Dif. control of corruption (t − 1)

Dif. governm. effectiv. (t − 1)

Dif. Political stability (t − 1)

Dif. regula. quality (t − 1)

Dif. rule of law (t − 1)

Dif. voice and accounta. (t − 1)

Institutional indexCol (t − 1)

− 0.278**

− 0.416***

− 0.039

0.295**

− 0.295**

− 0.123

(0.127)

(0.141)

(0.144)

(0.131)

(0.137)

(0.220)

LogDISTColj

− 1.226***

− 1.231***

− 1.295***

− 1.277***

− 1.236***

− 1.273***

(0.249)

(0.237)

(0.279)

(0.243)

(0.240)

(0.262)

CONTIGColj

0.369

0.396

0.214

0.272

0.362

0.189

(0.427)

(0.380)

(0.415)

(0.382)

(0.418)

(0.411)

COMLANGColj

0.693*

0.669*

0.557

0.597*

0.654*

0.576

(0.355)

(0.344)

(0.369)

(0.340)

(0.349)

(0.371)

LogGDPj

0.766***

0.757***

0.786***

0.781***

0.758***

0.787***

(0.093)

(0.088)

(0.088)

(0.088)

(0.095)

(0.091)

LogLABCOMPCol

2.850**

2.663**

3.376***

3.025**

2.760**

3.161**

(1.255)

(1.264)

(1.234)

(1.269)

(1.273)

(1.270)

WTOj

− 0.553

− 0.568

− 0.454

− 0.563

− 0.535

− 0.499

(0.664)

(0.620)

(0.710)

(0.655)

(0.653)

(0.746)

OECDj

− 0.125

− 0.301

0.228

− 0.206

− 0.201

0.070

(0.529)

(0.526)

(0.542)

(0.528)

(0.510)

(0.450)

FTAColj

− 0.191

− 0.104

− 0.247

− 0.129

− 0.125

− 0.211

(0.151)

(0.136)

(0.176)

(0.138)

(0.143)

(0.171)

Constant

− 17.712

− 15.622

− 22.677**

− 19.101

− 16.563

− 20.750*

(12.019)

(12.274)

(11.251)

(12.263)

(12.472)

(11.977)

Observations

1869

1869

1869

1869

1869

1869

R-squared

0.894

0.890

0.887

0.883

0.890

0.890

Reset test

0.380

0.264

0.644

0.310

0.215

0.561

  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