Research Article
Some New Insights into Trade Potential between the EU and Its Mediterranean Partners
Table 2
Sensitivity analysis.
| | | HT1 | HT2 | HT3 | HT4 | HT5 | HT6 | HT7 | | Regional agreements | | Trade costs
| | Governance and institut. | FDI stocks or flows | Sample restricted to MP countries | | Distance | logistics | MAOTRI |
| GDP reporter
| 0.7750*** | 0.8041*** | 0.8365*** | 0.7653*** | 0.8186*** | 0.8186*** | 1.3293*** | GDP partner
| 0.7937*** | 0.7692*** | 0.7696*** | 0.7713*** | 0.7719*** | 0.7719*** | 0.8122*** | Tariffs
| −0.2488*** | −0.1706*** | −0.2584*** | | −0.2624*** | −0.2624*** | −0.3096*** | NTBs
| −0.0444*** | −0.0469*** | −0.0386*** | | −0.0396*** | −0.0396*** | −0.0316*** | | Distance | | −0.0001*** | | | | | | | Logistics: all | 2.3451*** | 2.3451*** | | 2.6324*** | 2.7629*** | 2.7629*** | 3.4194*** | | Logistics: customs | | | 0.6831*** | | | | | | Logistics: infrastructure | | | 0.5673
***
| | | | | | Logistics: shipment | | | 0.6216
***
| | | | | | Logistics: competence | | | 0.6388
***
| | | | | | Logistics: track | | | 0.7677
***
| | | | | | Logistics: timeliness | | | 0.1496
***
| | | | | | MAOTRI | | | | −5.7572*** | | | | | Common language | 0.2620*** | 0.3391*** | 0.3160*** | 0.4089*** | 0.3356*** | 0.3356*** | 0.7110*** | | Colony | 0.7125*** | 0.2857*** | 0.5159*** | 0.3414*** | 0.5165*** | 0.5165*** | 0.4967*** | | Migration | 0.2566*** | 0.2772*** | 0.2774*** | 0.2800*** | 0.2744*** | 0.2744*** | 0.3472*** | | FDI: stocks (%GDP) | 0.0302** | 0.0234*** | 0.0274*** | 0.0562*** | 0.0274*** | 0.0274*** | 0.0266*** | | FDI: stocks (US$) | | | | | | 0.0030
*
| | | FDI: flows (%GDP) | | | | | | 0.0496
***
| | | FDI: flows (US$) | | | | | | 0.0551
***
| | | Services | 0.2654*** | 0.3091*** | 0.1933*** | 0.2455*** | 0.1778*** | 0.1778*** | 0.2751*** | | Regional agreements: All | — | 0.6737*** | 1.7620*** | 1.6579*** | 1.7549*** | 1.7549*** | | | Regional agreements: EU | 2.1510*** | | | | | | | | Regional agreements: Euromed | 0.3696*** | | | | | | | | Regional agreements: Nafta | 0.9095*** | | | | | | | | Regional agreements: Mercosur | 3.0979*** | | | | | | | | Regional agreements: Asean | 1.9566*** | | | | | | | | Regional agreements: Gafta | 2.4279*** | | | | | | | | Governance: rule of law | 0.1393*** | 0.5260*** | 0.1735*** | 0.1551*** | 0.2025*** | 0.2025*** | 1.1049*** | | Governance: political stability | | | | | 0.5224
***
| | | | Governance: government effectiveness | | | | | 0.6299
***
| | | | Governance: regulatory quality | | | | | 0.5059
***
| | | | Governance: voice | | | | | 0.1929
***
| | | | Governance: control of corruption | | | | | 0.2072
***
| | | | Intercept | −30.6389*** | −27.7076*** | −30.4138*** | −29.8901*** | −31.0560*** | −31.0560*** | −42.3378*** | | Adjusted -squared | 0.7536
| 0.7228
| 0.7294
| 0.7362
| 0.7292
| 0.7293 | 0.6555 |
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