creates difficulty in analysing and interpreting the results. Dean et al. (2000) used only three metrics: annual export sales, export growth, export intensity. Table 2. The list of estimated models12pt One way Pooled One way Variable / One way time Two ways individual one way individual HT Measure within within random individual within effects3pt const. 0pt -45.86*** - - - -31.540*** -16.4* 4.53 *** -0.21 4.47*** 1.26 1.78* 2.26** ln GDPit ln 0.58 2.75*** -0.46 3.46*** 2.13*** 1.12** EMUijt - - - - - 0.59** - - - - - -6.01* magrowthjt ln - - - - - -1.63** DISTij - - - - - 3.12*** seai 0.19402 0.17379 0.041463 0.1815 80,23 R2 1012.7 p< 71 p < 67.3 p < 12.6 p < 72.1 p < 316,6 p < F statistics 2.22e-16 2.22e-16 2.22e-16 4.54e-06 2.22e-16 2.22e-16 Significant 0 0.001 0.01 0.05 0.1 1 ‘***’ ‘**’ ‘*’ ‘.’ ‘ ’ - binary variable 1- country has got access to sea, 0 others, seaj – - each pair countries (partner and host) are in EMU in t- year -1, 0 others, EMUijt - average growth expressed by 3-year moving average of GDP per capita PPS yearly logarithmic magrowthjt rate. Source: own calculations in R-studio. 12pt
creates difficulty in analysing and interpreting the results. Dean et al. (2000) used only three metrics: annual export sales, export growth, export intensity. Table 2. The list of estimated models12pt Variable / Measure Pooled one way individual One way individual within One way time within Two ways within One way individual random effects3pt HT const. 0pt -45.86*** - - - -31.540*** -16.4* ln GDPit 4.53 *** -0.21 4.47*** 1.26 1.78* 2.26** ln 0.58 2.75*** -0.46 3.46*** 2.13*** 1.12** EMUijt - - - - - 0.59** magrowthjt - - - - - -6.01* ln DISTij - - - - - -1.63** seai - - - - - 3.12*** R2 0.19402 0.17379 0.041463 0.1815 80,23 F statistics 1012.7 p< 2.22e-16 71 p < 2.22e-16 67.3 p < 2.22e-16 12.6 p < 4.54e-06 72.1 p < 2.22e-16 316,6 p < 2.22e-16 Significant 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 seaj - binary variable 1- country has got access to sea, 0 – others, EMUijt - each pair countries (partner and host) are in EMU in t- year -1, 0 others, magrowthjt - average growth expressed by 3-year moving average of GDP per capita PPS yearly logarithmic rate. Source: own calculations in R-studio. 12pt
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