Table 2: Sensitivity analysis.

HT1 HT2HT3HT4 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: all2.3451***2.3451***2.6324***2.7629***2.7629***3.4194***
Logistics: customs0.6831***
Logistics: infrastructure0.5673 ***
Logistics: shipment0.6216 ***
Logistics: competence0.6388 ***
Logistics: track0.7677 ***
Logistics: timeliness0.1496 ***
MAOTRI−5.7572***
Common language0.2620***0.3391***0.3160***0.4089***0.3356***0.3356***0.7110***
Colony0.7125***0.2857***0.5159***0.3414***0.5165***0.5165***0.4967***
Migration0.2566***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 ***
Services0.2654***0.3091***0.1933***0.2455***0.1778***0.1778***0.2751***
Regional agreements: All0.6737***1.7620***1.6579***1.7549***1.7549***
Regional agreements: EU2.1510***
Regional agreements: Euromed0.3696***
Regional agreements: Nafta0.9095***
Regional agreements: Mercosur3.0979***
Regional agreements: Asean1.9566***
Regional agreements: Gafta2.4279***
Governance: rule of law0.1393***0.5260***0.1735***0.1551***0.2025***0.2025***1.1049***
Governance: political stability0.5224 ***
Governance: government effectiveness0.6299 ***
Governance: regulatory quality0.5059 ***
Governance: voice0.1929 ***
Governance: control of corruption0.2072 ***
Intercept−30.6389***−27.7076***−30.4138***−29.8901***−31.0560***−31.0560***−42.3378***
Adjusted 𝑅 -squared0.7536
0.7228
0.7294
0.7362
0.7292
0.72930.6555