Regional integration and the other determinants of North-South ...

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Table 4.2: Estimation results, by country groups. WEC WEC NMS NMS MC MC Variable (1) FEVD(b) (2) 2SLS IV(b) (1)RM (2) 2SLS IV(b) (1) FEVD model (2) 2SLSIV(b ) ln 0,37***(0,05) 0,51**** (0,03) 0,51***(0,08) 1,02***(0,09) 0,01 (0,03) 0,38 (0,3) ln 0,67***(0,04) 0,62*** (0,03) 1,04***(0,08) 0,43***(0,09) 1,70*** (0,33) 0,88 (0,39)*** dist -1,56***(0,09) -1,50 ***(0,10) -1,90***(0,02) -1,93***(0,2) -1,22***(0,03) -1,34** (0,09) δ -1,43***(0,02) -1,50*** (0,28) -2,05***(0,61) -1,91***(0,62) -5,83*** (0,11) -5,50*** (2,39) Const. 6,58 *** (0,20) 3,87*** (1,48) -5,35 (2,49) -2,74 (2,89) -11,47***(1,05) -0,24*** (10,24) Nb. of obs. 1440 1152 1000 800 360 288 Wald test, Chi 2 (4) 1719,41**** 748,56 636,56*** 34,95*** R2 0,95 0,90 0,94 0,85 0,97 0,40 Nb. of Bilateral obs. 144 124 100 100 36 36 Bilateral effects Yes Yes Yes Yes Yes Yes Hausman test, Chi 2(2) 79,88*** 1,26 8,16*** Sargan Statistic 4,33 3,56 1,23 Notes: (a) *significant at 10%, ** significant at 5%, *** significant at 1%.(b) 1st and 2nd-year lages are used as intruments for the GDPs. 34
Figure 4.1 30 25 20 15 10 5 0 Notes: The figure is obtained using a dummy variable regression with exporter, importer and border *time dummies. Table 4.3: Determinants of industrial location in the euro-Mediterranean area (1) (2) (3) (4) (5) Variable RM Fevd Hausman and Taylor 2SLS IV (b) 2SLS IV (b) ln(lab_ct) -0,35 (0,01)*** -0,36 (0,00)*** -0,35 (0,01)*** -0,35(0,02)*** -0,36***(0,02) ln(ma_est_ct) 2,85(0,64)*** 2,99 (0,41)*** 2,98 (0,65)*** 2,84 (0,64)*** ln(sa_est_ct) 3,03 (0,62)*** 3,38 (1,29)*** 3,32 (0,64)*** 3,02 (0,62)*** ln(mact) 0,1 (0,02)*** ln(saict) 6,71 (2,88)*** limp_cit 0,02 (0,01)* 0,03 (0,002)*** 0,03 (0,01)*** 0,02(0,009)* 0,003 (0,01) Low_techn_i 0,46 (0,07)*** 0,49 (0,08)*** 0,84 (0,18)*** 0,46 (0,07)*** 0,44 (0,07)*** Time_bus_ct -0,0006 (0,000) -0,001 (0,00)*** -0,00 (0,00) -0,00(0,00) -0,00 (0,00) Road_ct -0,0004 (0,000) 0,002 (0,00)*** -0,00 (0,00) -0,00 (0,000) -0,00(0,00) Firms 0,01(0,001)*** 0,01(0,0005)*** 0,01(0,001)*** 0,01(0,001)*** 0,01(0,001)*** Const 2,60 (0,28)*** 2,16 (0,04)*** 1,88 (0,34)*** 2,61 (0,21)*** 2,22(0,27)*** Nb, observ, 7280 7280 7280 5824 5824 R2 0,91 0,37 0,32 Wald test, Chi 2 (7) 2246,60*** 1143,50*** 415,75*** LM Test 26880,56*** Industry * country effect Yes Yes Yes Yes Yes Hausman test, Border effects over time in the euro-mediterranean area by country groups 1996 1997 1998 1999 2000 2001 2002 2003 Chi 2 (4) 15,72 Sargan statistic 6,75 8, 46 MC NMS WEC 35
Page 1 and 2: Regional integration and the other
Page 3 and 4: the relevant determinants of indust
Page 5 and 6: In this section, the attention shif
Page 7 and 8: all the countries is the same as th
Page 9 and 10: The dependent variables are the nat
Page 11 and 12: The profit of a single firm in c is
Page 13 and 14: increase in firm localisation. As i
Page 15 and 16: produces the most efficient and the
Page 17 and 18: Mediterranean area. We pay particul
Page 19 and 20: ln / ∑ exp (4.18) The acce
Page 21 and 22: associated with a higher sensitivit
Page 23 and 24: Appendix : Data description Country
Page 25 and 26: Brülhart, M., Traeger, R., 2005. A
Page 27 and 28: Heston, A., Summers, R., Aten, B.,
Page 29 and 30: Sanguinetti, P., Traistaru, I., Mar
Page 31 and 32: Table 2.3: Concentration indexes by
Page 33: Notes: (a) *significant at 10%, **
Page 37 and 38: Table 4.4: Determinants of industri

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