Research Article
Some New Insights into Trade Potential between the EU and Its Mediterranean Partners
Table 1
Estimation results with alternative estimators.
| | HT | TSHP | Heterosc.(HW) | AR(1) | Dynamic ABB | Short run | Long run |
| GDP reporter | 0.8186*** | 0.7522*** | 0.8103*** | 0.8286*** | 0.1231*** | 0.8632*** | GDP partner | 0.7719*** | 0.5594*** | 0.7706*** | 0.7829*** | 0.1101*** | 0.7721*** | Tariffs | −0.2624*** | −0.1044*** | −0.2529*** | −0.1570*** | −0.0186*** | −0.1304*** | Ntbs | −0.0396*** | −0.0227** | −0.0382*** | −0.0224** | −0.0104*** | −0.0529*** | Logistics | 2.7629*** | 2.1222*** | 2.7718*** | 1.5238** | 0.2893*** | 2.029*** | Common language | 0.3356*** | 0.3629*** | 0.3334*** | 0.5614*** | 0.0782*** | 0.5483*** | Colony | 0.5165*** | 0.3255** | 0.5124*** | 0.6508*** | 0.0949*** | 0.6655*** | Migration | 0.2744*** | 0.2130*** | 0.2705*** | 0.2712*** | 0.0327*** | 0.2293*** | FDI stocks | 0.0274*** | 0.1702*** | 0.0254*** | 0.0189*** | 0.0007** | 0.0491*** | Services | 0.1778*** | 0.1919*** | 0.1777*** | 0.4722*** | 0.0573*** | 0.4018*** | Regional agreements | 1.7549*** | 1.3119*** | 1.7601*** | 2.0822*** | 0.3085*** | 2.1633*** | Governance: rule of law | 0.2025*** | 0.1925*** | 0.2042*** | 0.1734*** | 0.0337*** | 0.2363*** | Lagged exports | — | — | — | — | 0.8574*** | — | Intercept | −31.0560*** | −22.9977 *** | −31.0025*** | −32.9113*** | −4.5888*** | −32.1795*** | Selection variable | — | 0.2577*** | — | — | — | — | Adjusted -squared | 0.7292 | — | — | — | — | — | Vif | 2.47 | — | — | — | — | — | Hausman | 24.8 | — | — | — | — | — |
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***
Significant at 1% level; **significant at 5% level; *significant at 10% level.
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