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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