Table 3.

List of variables

VariablesDescriptionSource
VOTijThe volume of bilateral tradeComtrade, UN
GDPiThe gross domestic product of export countriesWDI, World Bank
GDPjThe gross domestic product of import countriesWDI, World Bank
DISTijThe sum of maritime and inland routes between the ports of country i’s and country j’s is measured the transport distance 
RPPPijThe ratio of real exchange rate between country i and country jWDI, World Bank
LSCIiThe country is liner shipping connectivity indexUNCTAD
LPIiThe country is logistics performance indexWDI, World Bank
TEUiThe country is TEU of container handledUNCTAD
EURegional integration dummy. EU equals to 1 if the country is EU 
NAFTARegional integration dummy. NAFTA equals to 1 if the country is Canada, Mexico and the USA 
RCEPRegional integration dummy variable. RCEP equals to 1 if country is ASEAN, Japan, Korea, New Zealand, China and Australia 
EAcoreCore trading bloc dummy variable in East Asia. EAcore equals to 1 if the country belongs to the core of trading blocs in RCEP and Taiwan. See Figure 1(a) and (b). 
ComLngijDummy variable. ComLngij equals to 1 if countries i and j have a common language 
BorderijDummy variable. Borderij equals to 1 if countries i and j have a common land border 

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