Table 7 Estimation results for ordinary trade.
From: The COVID-19 pandemics and import demand elasticities: evidence from China’s customs data
Ordinary trade | All goods: (1)-(3) | Intermediate inputs: (4)-(6) | ||||
|---|---|---|---|---|---|---|
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 (0.0973) | 1.589*** (0.387) | 1.771*** (0.478) | −0.0975 (0.146) | 1.854*** (0.461) |
Δ ln RER_CNY × Policy | −2.754*** (0.690) | −0.292 (0.199) | −2.499*** (0.842) | −3.256*** (0.805) | −0.323 (0.262) | −2.926*** (0.923) |
Δ ln RER_CNY × HHI | 0.307 (0.455) | 0.0574 (0.161) | 0.291 (0.431) | 0.480 (0.501) | 0.403** (0.181) | 0.126 (0.449) |
Δ ln RER_Comp | 0.143*** (0.012) | 0.0124*** (0.002) | 0.128*** (0.012) | 0.133*** (0.013) | 0.00590** (0.002) | 0.122*** (0.011) |
Δ ln RER_Comp × Policy | −0.0251** (0.010) | −0.00514 (0.003) | −0.0194* (0.010) | −0.0239*** (0.008) | −0.00311 (0.005) | −0.0194* (0.010) |
Δ ln RER_Comp × HHI | −0.106*** (0.0101) | −0.00806*** (0.002) | −0.0998*** (0.009) | −0.0947*** (0.012) | −0.00617** (0.003) | −0.0891*** (0.011) |
Δ ln Cases in exporting country | −0.0147*** (0.005) | 0.00371* (0.002) | −0.0181*** (0.004) | −0.0119*** (0.004) | 0.00506** (0.002) | −0.0160*** (0.004) |
Constant | −0.208*** (0.013) | −0.0183*** (0.005) | −0.165*** (0.014) | −0.221*** (0.011) | −0.00836 (0.006) | −0.181*** (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 | 766851 | 731486 | 731487 |
R2 | 0.070 | 0.052 | 0.065 | 0.069 | 0.052 | 0.065 |
Prob > F-statistic | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
