Table 3 Estimation results for ordinary trade and processing trade.
From: The COVID-19 pandemics and import demand elasticities: evidence from China’s customs data
Ordinary Trade | Processing Trade | |||||
|---|---|---|---|---|---|---|
Monthly: 2019m1 to 2021m3 | (1) | (2) | (3) | (4) | (5) | (6) |
Y= Δ ln v | Y= Δ ln uv | Y= Δ ln q | Y= Δ ln v | Y= Δ ln uv | Y= Δ ln q | |
Δ ln RER_CNY | 1.609*** (0.345) | 0.0137 (0.097) | 1.589*** (0.387) | 2.979*** (0.279) | −0.194 (0.153) | 3.203*** (0.231) |
Δ ln RER_CNY × Policy | −2.754*** (0.690) | −0.292 (0.199) | −2.499*** (0.842) | −4.816*** (0.936) | 0.157 (0.293) | −5.016*** (0.808) |
Δ ln RER_CNY × HHI | 0.307 (0.455) | 0.0574 (0.161) | 0.291 (0.431) | 0.542* (0.275) | 0.0975 (0.132) | 0.381* (0.211) |
Δ ln RER_Comp | 0.143*** (0.012) | 0.0124*** (0.002) | 0.128*** (0.012) | 0.0698*** (0.007) | 0.0105*** (0.003) | 0.0576*** (0.008) |
Δ ln RER_Comp × Policy | −0.0251** (0.010) | −0.00514 (0.003) | −0.0194* (0.010) | −0.0352*** (0.010) | −0.000386 (0.003) | −0.0373*** (0.010) |
Δ ln RER_Comp× HHI | −0.106*** (0.010) | −0.00806*** (0.002) | −0.0998*** (0.009) | −0.0653*** (0.009) | −0.0121** (0.004) | −0.0490*** (0.010) |
Δ ln Cases in exporting country | −0.0147*** (0.005) | 0.00371* (0.002) | −0.0181*** (0.004) | −0.0116** (0.005) | 0.00520*** (0.0007) | −0.0171*** (0.005) |
Constant | −0.208*** (0.013) | −0.0183*** (0.005) | −0.165*** (0.013) | −0.178*** (0.016) | −0.0133** (0.006) | −0.153*** (0.014) |
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Province-time FE | Yes | Yes | Yes | Yes | Yes | Yes |
Province-product-country FE | Yes | Yes | Yes | Yes | Yes | Yes |
Time FE | Yes | Yes | Yes | Yes | Yes | Yes |
N | 1276121 | 1226051 | 1226054 | 580896 | 567005 | 567006 |
R2 | 0.070 | 0.052 | 0.065 | 0.067 | 0.032 | 0.064 |
Prob > F-statistic | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
