Table 11 Exchange rate elasticity of total import value with product heterogeneity.
From: The COVID-19 pandemics and import demand elasticities: evidence from China’s customs data
Monthly: 2019m1 to 2021m3 | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
All trade modes (Y = Δ ln v) | Primary | Resource | Low-tech | Medium-tech | High-tech |
Δ ln RER_CNY × Policy | −2.408*** (0.812) | −3.856*** (0.630) | −2.401* (1.187) | −3.806*** (0.650) | −3.482*** (0.470) |
Δ ln RER_Comp | 0.0980*** (0.015) | 0.113*** (0.020) | 0.110*** (0.013) | 0.113*** (0.014) | 0.138*** (0.015) |
Δ ln RER_Comp × Policy | −2.408*** (0.812) | −3.856*** (0.630) | −2.401* (1.187) | −3.806*** (0.650) | −3.482*** (0.470) |
Δ ln RER_Comp × HHI | −0.0253 (0.018) | −0.0211** (0.009) | −0.0194 (0.012) | −0.0202** (0.009) | −0.0526*** (0.011) |
Constant | −0.103*** (0.030) | −0.113*** (0.015) | −0.142*** (0.016) | −0.0975*** (0.010) | −0.0824*** (0.010) |
Controls | Yes | Yes | Yes | Yes | Yes |
Province-time FE | Yes | Yes | Yes | Yes | Yes |
Province-product-country FE | Yes | Yes | Yes | Yes | Yes |
Time fixed effects | Yes | Yes | Yes | Yes | Yes |
N | 82160 | 289194 | 666605 | 780891 | 506739 |
R2 | 0.075 | 0.059 | 0.059 | 0.051 | 0.047 |
Prob > F-statistic | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
