Table 2: Fixed and random effect models—exportation is the dependent variable.

Variables and parameters1
(1)
Fixed (fe)
(2)
Random (re)
(3)

Constant −14.00 −11.68
0.77 0.78
corr( )

324 324

Source: estimated by the authors.
*Indicates level of significance equals to 1%; **indicates level of significance of 5%; ***indicates level of significance of 10%. Values in brackets are the standard deviations. 1Estimations done using STATA 10.