Log: F:\Roger-Australia\Robustness-1\Algeria-Barbados Exports log

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 555.33

Log likelihood = -1036.54 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrxsitc5 | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .1083952 .0751661 1.44 0.149 -.0389275 .255718

lgdp | .6155815 .1370237 4.49 0.000 .34702 .8841429

lgdpau | -.5905873 .826979 -0.71 0.475 -2.211436 1.030262

lgdpdfrati~w | -.7236498 .3705141 -1.95 0.051 -1.449844 .0025444

lpopau | 6.479886 2.802227 2.31 0.021 .9876218 11.97215

lpop | .2516583 .1250312 2.01 0.044 .0066017 .4967149

lxrate1 | -.1491554 .0344904 -4.32 0.000 -.2167554 -.0815555

lremote | .1117777 .2358504 0.47 0.636 -.3504805 .574036

ldist | -3.033313 .4586493 -6.61 0.000 -3.932249 -2.134377

lopen | .116426 .0915437 1.27 0.203 -.0629965 .2958484

english | .6781877 .2614629 2.59 0.009 .1657298 1.190646

white | 12.54748 1.971952 6.36 0.000 8.682521 16.41243

lwhitemg | -1.217792 .1868489 -6.52 0.000 -1.584009 -.8515743

_cons | -77.8505 26.60689 -2.93 0.003 -129.9991 -25.70194

------------------------------------------------------------------------------

-------------+---------------------------------------------------------------

limmig | .00565

lgdp | -.006279 .018775

lgdpau | -.004401 .005831 .683894

lgdpdfrati~w | .000161 -.000817 .031946 .137281

lpopau | .014835 -.031859 -2.23829 -.039549 7.85248

lpop | .001432 -.011764 -.001503 .001487 .006666 .015633

lxrate1 | .000481 .000974 .000801 .000771 -.004641 -.001276 .00119

lremote | .000741 .005603 -.031096 -.025963 .028093 -.005632 .001576

ldist | .014994 -.01046 -.023574 -.003076 .074905 .003815 .000688

lopen | -.000115 .000073 .001546 .002496 -.026275 .001834 -.000499

english | -.005326 .01653 -.000073 -.004009 -.008917 -.011751 -.000385

white | .030595 -.053433 -.056832 -.036693 .104685 .049162 -.002446

lwhitemg | -.002836 .002398 .001974 .000634 -.003412 -.002437 .000097
_cons | -.196381 .216644 19.5711 -.072164 -71.9744 -.042825 .026486
| lremote ldist lopen english white lwhitemg _cons

-------------+---------------------------------------------------------------

lremote | .055625

ldist | .021738 .210359

lopen | .002108 -.000678 .00838

english | .008702 .028597 -.003957 .068363

white | .050196 .111648 -.004299 .037955 3.8886

lwhitemg | -.000736 -.012724 .000275 -.0061 -.356996 .034913

_cons | -.36844 -2.74244 .360638 -.370323 -1.50226 .137687 707.927

. xtgls lrxsitc6 limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, panels(hetero)corr(psar1)nolog
Cross-sectional time-series FGLS regression
Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 771.39

Log likelihood = -1109.374 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrxsitc6 | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .2596619 .0756198 3.43 0.001 .1114498 .407874

lgdp | .6004177 .1128939 5.32 0.000 .3791497 .8216856

lgdpau | .6994916 1.308222 0.53 0.593 -1.864576 3.263559

lgdpdfrati~w | -1.376248 .6067151 -2.27 0.023 -2.565387 -.1871079

lpopau | -.3598816 4.476683 -0.08 0.936 -9.134018 8.414255

lpop | .002683 .1198109 0.02 0.982 -.2321421 .2375081

lxrate1 | -.0346216 .0377411 -0.92 0.359 -.1085928 .0393496

lremote | .2160927 .3053408 0.71 0.479 -.3823643 .8145498

ldist | -2.466077 .4655842 -5.30 0.000 -3.378605 -1.553548

lopen | -.0898106 .0902518 -1.00 0.320 -.2667009 .0870797

english | 1.169926 .2863517 4.09 0.000 .6086873 1.731165

white | 11.61823 1.322713 8.78 0.000 9.02576 14.2107

lwhitemg | -1.171896 .1282191 -9.14 0.000 -1.4232 -.9205909

_cons | -.1316376 41.95111 -0.00 0.997 -82.35429 82.09102

------------------------------------------------------------------------------

-------------+---------------------------------------------------------------

limmig | .005718

lgdp | -.005676 .012745

lgdpau | -.005179 .008509 1.71144

lgdpdfrati~w | -.004173 .005508 .014727 .368103

lpopau | .013344 -.034891 -5.69902 .139126 20.0407

lpop | .001399 -.009216 -.003794 -.001163 .013215 .014355

lxrate1 | .00057 .000734 .001805 .000643 -.0121 -.001212 .001424

lremote | .005508 -.0032 -.029788 -.047128 .009388 -.001719 .001708

ldist | .016215 -.011836 -.028718 -.026123 .061928 .007076 .00071

lopen | -.000267 .000786 .001622 .001349 -.02807 .000831 -.000303

english | -.006087 .010425 .003792 .000152 -.000091 -.005408 -.000823

white | .031661 -.055581 -.054755 -.03759 .137435 .059049 -.001732

lwhitemg | -.002614 .003304 .002093 -.001196 -.008159 -.004268 .000192

_cons | -.214564 .379036 50.0528 -2.50429 -183.339 -.192675 .125846

-------------+---------------------------------------------------------------

lremote | .093233

ldist | .054877 .216769

lopen | .003883 .001267 .008145

english | .004301 .035283 -.002952 .081997

white | .092968 .15322 -.006535 .028787 1.74957

lwhitemg | -.001532 -.014283 .000386 -.003883 -.161425 .01644

_cons | -.605938 -2.74661 .355857 -.601698 -2.98166 .242226 1759.9

. xtgls lrxsitc7 limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, panels(hetero)corr(psar1)nolog
Cross-sectional time-series FGLS regression
Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 422.29

Log likelihood = -1181.969 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrxsitc7 | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .216342 .0511575 4.23 0.000 .1160751 .3166089

lgdp | .3258612 .1005615 3.24 0.001 .1287643 .5229582

lgdpau | -2.108783 1.300238 -1.62 0.105 -4.657203 .4396378

lgdpdfrati~w | -2.164935 .593441 -3.65 0.000 -3.328058 -1.001812

lpopau | 6.048083 4.441877 1.36 0.173 -2.657836 14.754

lpop | .1157596 .0778775 1.49 0.137 -.0368775 .2683967

lxrate1 | -.0968223 .0373436 -2.59 0.010 -.1700143 -.0236303

lremote | .9766507 .2587127 3.78 0.000 .4695831 1.483718

ldist | -1.20417 .4206509 -2.86 0.004 -2.02863 -.3797089

lopen | .0140383 .1173711 0.12 0.905 -.2160049 .2440815

english | .6033504 .1826195 3.30 0.001 .2454229 .961278

white | 7.485446 1.345782 5.56 0.000 4.847762 10.12313

lwhitemg | -.6186776 .129955 -4.76 0.000 -.8733848 -.3639704

_cons | -43.94024 41.28362 -1.06 0.287 -124.8546 36.97416

------------------------------------------------------------------------------

-------------+---------------------------------------------------------------

limmig | .002617

lgdp | -.002537 .010113

lgdpau | -.003878 .006278 1.69062

lgdpdfrati~w | -.001534 .00062 .086371 .352172

lpopau | .013986 -.038038 -5.63889 -.163302 19.7303

lpop | .000516 -.005241 -.000712 -.001315 .003616 .006065

lxrate1 | .000238 .001477 .000775 .000602 -.00624 -.00152 .001395

lremote | .000803 .000138 -.029411 -.046379 .057027 .001605 -.000734

ldist | .01215 -.005771 -.02704 -.028025 .045775 .005903 .001693

lopen | -.000062 .00031 .00801 -.000066 -.060649 .003129 -.000389

english | -.003103 .005373 .007658 .006037 -.027879 .000965 .000722

white | .012902 -.028991 -.030228 -.059431 .087698 .029998 -.005183

lwhitemg | -.001425 .000864 -.000498 .001165 .004407 -.001795 .000094

_cons | -.218602 .382841 49.5079 .763052 -179.524 -.083095 .057481

-------------+---------------------------------------------------------------

lremote | .066932

ldist | .041239 .176947

lopen | .005258 .008733 .013776

english | -.006895 -.000845 -.001449 .03335

white | .052012 .110404 .00607 .04256 1.81113

lwhitemg | .000869 -.011566 -.000642 -.004655 -.165687 .016888

_cons | -1.13497 -2.10602 .622984 .188165 -2.01496 .060308 1704.34
. xtgls lrxsitc8 limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, panels(hetero)corr(psar1)nolog

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 514.11

Log likelihood = -971.9142 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrxsitc8 | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .1381153 .0503324 2.74 0.006 .0394657 .2367649

lgdp | .5063929 .0989565 5.12 0.000 .3124416 .7003441

lgdpau | -1.36667 1.304784 -1.05 0.295 -3.924 1.19066

lgdpdfrati~w | -1.197441 .5411767 -2.21 0.027 -2.258127 -.1367538

lpopau | 3.939531 4.484649 0.88 0.380 -4.85022 12.72928

lpop | .0662712 .0911841 0.73 0.467 -.1124464 .2449889

lxrate1 | -.0447846 .0381071 -1.18 0.240 -.1194731 .0299039

lremote | -.812486 .291155 -2.79 0.005 -1.383139 -.2418326

ldist | -2.975625 .4419229 -6.73 0.000 -3.841778 -2.109472

lopen | -.0279092 .1037789 -0.27 0.788 -.2313122 .1754937

english | .5731754 .2001551 2.86 0.004 .1808786 .9654722

white | 10.72866 1.711409 6.27 0.000 7.374358 14.08296

lwhitemg | -1.091631 .1519858 -7.18 0.000 -1.389518 -.7937448

_cons | -1.659855 42.11558 -0.04 0.969 -84.20487 80.88516

------------------------------------------------------------------------------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

limmig | .002533

lgdp | -.002668 .009792

lgdpau | -.002909 .005921 1.70246

lgdpdfrati~w | -.001307 .000991 -.026761 .292872

lpopau | .010549 -.029997 -5.71372 .172752 20.1121

lpop | .000173 -.005715 -.00196 -.000199 .007025 .008315

lxrate1 | -.000062 .001509 .002418 .001811 -.013596 -.001404 .001452

lremote | .00292 -.000126 -.020165 -.033067 .050785 -.00032 -.001489

ldist | .011897 -.008866 -.022658 -.015948 .058057 .002205 -.000643

lopen | -.000247 -.00021 .004709 .005117 -.044411 .002346 -.00012

english | -.00287 .003937 .007691 .006678 -.026798 -.001474 .00233

white | .012701 -.03512 .016082 -.020634 .001518 .034633 -.005338

lwhitemg | -.00111 .001306 -.003017 -.000454 .006731 -.002049 .000276

_cons | -.19324 .307067 50.447 -2.04202 -184.491 -.081558 .163007
| lremote ldist lopen english white lwhitemg _cons

-------------+---------------------------------------------------------------

lremote | .084771

ldist | .050047 .195296

lopen | .003105 .001417 .01077

english | -.01648 .006533 -.002596 .040062

white | .035522 .114774 -.000379 .034349 2.92892

lwhitemg | .001358 -.01049 .000153 -.00341 -.251365 .0231

_cons | -1.499 -2.55923 .546288 .244613 -1.68311 .06736 1773.72

. xtgls lrxsitc9 limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, panels(hetero)corr(psar1)nolog
Cross-sectional time-series FGLS regression
Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 764.02

Log likelihood = -1565.38 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrxsitc9 | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .4271644 .0683697 6.25 0.000 .2931622 .5611665

lgdp | .202594 .1279262 1.58 0.113 -.0481367 .4533248

lgdpau | -2.540346 1.800966 -1.41 0.158 -6.070174 .9894821

lgdpdfrati~w | -1.368254 .6118556 -2.24 0.025 -2.567469 -.1690387

lpopau | 18.11603 6.145095 2.95 0.003 6.071863 30.16019

lpop | .5086784 .1191494 4.27 0.000 .2751498 .742207

lxrate1 | -.1312723 .0429759 -3.05 0.002 -.2155036 -.0470411

lremote | .3425317 .3201299 1.07 0.285 -.2849113 .9699748

ldist | -1.814061 .4471494 -4.06 0.000 -2.690458 -.937664

lopen | -.1112422 .1392218 -0.80 0.424 -.3841119 .1616274

english | .2431928 .2742956 0.89 0.375 -.2944167 .7808023

white | 16.84931 2.533779 6.65 0.000 11.8832 21.81543

lwhitemg | -1.612311 .24518 -6.58 0.000 -2.092855 -1.131767

_cons | -229.1307 56.93107 -4.02 0.000 -340.7135 -117.5478

------------------------------------------------------------------------------

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

-------------+---------------------------------------------------------------

limmig | .004674

lgdp | -.005377 .016365

lgdpau | -.006422 .009565 3.24348

lgdpdfrati~w | -.002855 .004423 -.040325 .374367

lpopau | .020791 -.046144 -10.819 .157094 37.7622

lpop | .001801 -.010909 -.003928 -.002621 .011284 .014197

lxrate1 | -.000195 .001828 -.000768 .003316 -.006256 -.001508 .001847

lremote | .005525 -.003521 -.047881 -.02322 .060881 .003089 .001166

ldist | .016833 -.012329 -.034753 -.004571 .092346 .00979 -.000949

lopen | -.000368 -.000395 .006913 .008213 -.050754 .003862 -.000326

english | -.004525 .011587 .009423 .00315 -.051378 -.006338 .001718

white | .019257 -.04922 -.062397 -.057211 -.028712 .057712 .004223

lwhitemg | -.001445 .001746 .00045 .001798 .012096 -.002887 -.00039

-------------+---------------------------------------------------------------

lremote | .102483

ldist | .048395 .199943

lopen | .006635 .004995 .019383

english | -.013259 .023377 -.005105 .075238

white | .14869 -.001301 .000486 -.021167 6.42004

lwhitemg | -.005004 .001061 .000179 .001096 -.609284 .060113

_cons | -1.08529 -2.92138 .512137 .32741 .928587 -.162567 3241.15

.

.

. drop if ccode==330320

(10 observations deleted)
.

.

. ** Estimation Results

> stralia"

. tsset ccode year

panel variable: ccode, 117100 to 725980

time variable: year, 1991 to 2000
.

. **I. Aggregate Exports

. xtgls lrexp limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolo

> g

Cross-sectional time-series FGLS regression

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 6714.45

Log likelihood = -1017.104 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrexp | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .5171635 .0387439 13.35 0.000 .4412268 .5931002

lgdp | 1.074099 .0385719 27.85 0.000 .9984998 1.149699

lgdpau | -3.505765 .9065543 -3.87 0.000 -5.282579 -1.728951

lgdpdfrati~w | -1.960637 .3520519 -5.57 0.000 -2.650646 -1.270628

lpopau | 5.745521 3.175841 1.81 0.070 -.4790136 11.97005

lpop | -.0344788 .0441073 -0.78 0.434 -.1209275 .0519699

lxrate1 | -.0187342 .0182847 -1.02 0.306 -.0545714 .0171031

lremote | .1932754 .0902461 2.14 0.032 .0163962 .3701546

ldist | -1.563005 .1598273 -9.78 0.000 -1.876261 -1.24975

lopen | .7608543 .0989133 7.69 0.000 .5669878 .9547208

english | .1586013 .0973578 1.63 0.103 -.0322166 .3494191

white | 3.038522 .5696877 5.33 0.000 1.921955 4.155089

lwhitemg | -.3771933 .051577 -7.31 0.000 -.4782823 -.2761043

_cons | -7.187646 29.58383 -0.24 0.808 -65.17089 50.79559

------------------------------------------------------------------------------

-------------+---------------------------------------------------------------

limmig | .001501

lgdp | -.000876 .001488

lgdpau | -.002565 .002189 .821841

lgdpdfrati~w | .001037 -.001341 -.026602 .123941

lpopau | .008326 -.007733 -2.82741 .135404 10.086

lpop | .00017 -.00085 .001564 .000499 -.012009 .001945

lxrate1 | .000075 .000112 .000648 .000499 -.004855 .000074 .000334

lremote | -.000608 .001509 .002389 -.003796 -.009993 -.000421 -.000295

ldist | .003993 -.002425 -.001208 .006766 -.017114 .002769 .001157

lopen | -.0001 -.00013 .01354 .00122 -.080116 .001757 .000554

english | -.000538 .001359 -.001256 .001982 .007823 -.000747 .000704

white | .007513 -.001783 -.002783 -.006352 -.023654 .010342 .002099

lwhitemg | -.000827 .000204 .000448 .000306 .001378 -.000914 -.000174

_cons | -.099184 .066259 25.3169 -1.69748 -92.8107 .123532 .049248

-------------+---------------------------------------------------------------

lremote | .008144

ldist | .000397 .025545

lopen | .000287 .004807 .009784

english | -.000572 .002855 -.001857 .009479

white | .013879 .036691 .002798 .004383 .324544

lwhitemg | -.001014 -.003662 -.000243 -.000166 -.028975 .00266

_cons | .008763 .042272 .90745 -.145345 -.203768 .026983 875.203

. **II. Conservative Estimates

. *2.1. Aggregate reference priced Exports (conservative)

. xtgls lrrefp_cx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1

> lremote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nol

> og

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 5614.03

Log likelihood = -1451.764 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrrefp_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

limmig | .3297914 .0453555 7.27 0.000 .2408962 .4186866

lgdp | 1.09335 .0681303 16.05 0.000 .9598171 1.226883

lgdpau | -.2545061 .5211251 -0.49 0.625 -1.275892 .7668803

lgdpdfrati~w | -.1709224 .2959068 -0.58 0.564 -.750889 .4090443

lpopau | 2.734989 1.88243 1.45 0.146 -.9545053 6.424484

lpop | .0548911 .0942793 0.58 0.560 -.1298928 .2396751

lxrate1 | -.0282995 .0309326 -0.91 0.360 -.0889262 .0323272

lremote | -.294349 .1682979 -1.75 0.080 -.6242067 .0355088

ldist | -3.061328 .3921651 -7.81 0.000 -3.829957 -2.292698

lopen | -.0635159 .0555157 -1.14 0.253 -.1723247 .0452929

english | .7670462 .196581 3.90 0.000 .3817545 1.152338

white | 7.826408 1.104995 7.08 0.000 5.660658 9.992159

lwhitemg | -.8388453 .1176357 -7.13 0.000 -1.069407 -.6082835

_cons | -29.95126 18.90388 -1.58 0.113 -67.00218 7.09966

------------------------------------------------------------------------------

-------------+---------------------------------------------------------------

limmig | .002057

lgdp | -.001586 .004642

lgdpau | .001145 -.001551 .271571

lgdpdfrati~w | -.001808 .0029 -.023759 .087561

lpopau | -.005233 .004925 -.942554 .102686 3.54354

lpop | -.000105 -.004793 .003723 -.000998 -.021596 .008889

lxrate1 | .000143 .000329 .000812 .002791 -.007876 -.000455 .000957

lremote | .000097 .00055 -.022435 .00241 .096584 -.003839 .000465

ldist | .008672 -.010236 .00552 .004373 -.047087 .006242 .002698

lopen | .000036 -.000249 .002615 .001151 -.012609 .001156 -.000328

english | -.001332 -.001479 .007659 .00563 -.060419 .00415 .002036

white | .010145 -.026215 .025044 -.000849 -.179879 .033757 .002593

lwhitemg | -.00148 .002009 -.004706 .000387 .02464 -.002177 -.000196

_cons | .001459 .026789 8.64949 -1.28488 -34.281 .205773 .072074

-------------+---------------------------------------------------------------

lremote | .028324

ldist | .00193 .153793

lopen | -.001959 .001079 .003082

english | -.006335 .006996 -.000433 .038644

white | -.014884 .063994 .003108 .04782 1.22101

lwhitemg | .004307 -.007559 -.000605 -.002448 -.124484 .013838

_cons | -1.23861 -.777131 .136549 .737304 1.82445 -.253587 357.357

. *2.2. Aggregate Differentiated Exports (conservative)

. xtgls lrdiff_cx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1

> lremote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nol

> og

Cross-sectional time-series FGLS regression

Panels: heteroskedastic

Correlation: panel-specific AR(1)
Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 3524.04

Log likelihood = -1558.136 Prob > chi2 = 0.0000
------------------------------------------------------------------------------

lrdiff_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------