Table 4 Estimation results for two types of processing trade.
From: The COVID-19 pandemics and import demand elasticities: evidence from China’s customs data
Processing trade | PI mode | PA mode | ||||
|---|---|---|---|---|---|---|
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 | 3.021*** (0.329) | −0.0269 (0.191) | 3.210*** (0.311) | 3.950*** (0.554) | −0.804** (0.305) | 4.303*** (0.369) |
Δ ln RER_CNY × Policy | −4.865*** (1.027) | 0.0248 (0.267) | −5.035*** (0.983) | −4.283** (1.651) | 0.485 (0.664) | −4.272** (1.605) |
Δ ln RER_CNY × HHI | 0.215 (0.383) | −0.186 (0.208) | 0.104 (0.337) | −0.517 (0.606) | 1.052*** (0.373) | −1.134** (0.522) |
Δ ln RER_Comp | 0.0772*** (0.008) | 0.00792 (0.005) | 0.0669*** (0.008) | 0.0735*** (0.022) | 0.0202*** (0.006) | 0.0493** (0.021) |
Δ ln RER_Comp × Policy | −0.0284*** (0.009) | 0.00346 (0.004) | −0.0352*** (0.007) | −0.0568* (0.030) | −0.0108** (0.004) | −0.0438 (0.028) |
Δ ln RER_Comp× HHI | −0.0681*** (0.013) | −0.0112* (0.006) | −0.0523*** (0.011) | −0.0660*** (0.019) | −0.0183** (0.008) | −0.0415** (0.020) |
Δ ln Cases in exporting country | −0.0133*** (0.003) | 0.00473*** (0.001) | −0.0178*** (0.004) | −0.00630 (0.014) | 0.00757* (0.004) | −0.0165 (0.013) |
Constant | −0.250*** (0.018) | −0.00633 (0.008) | −0.220*** (0.017) | −0.337*** (0.051) | −0.0357*** (0.010) | −0.276*** (0.051) |
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 | 446603 | 435644 | 435645 | 134293 | 131361 | 131361 |
R2 | 0.074 | 0.037 | 0.069 | 0.095 | 0.047 | 0.090 |
Prob > F-statistic | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
