Descriptive
| Variable | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|
| Competitiveness | 9.2551 | 2.6132 | 0 | 14.0424 |
| Distance | 8.3430 | 0.8921 | 5.1930 | 9.4501 |
| Contig | 0.1377 | 0.3447 | 0 | 1 |
| Common language | 0.4072 | 0.4914 | 0 | 1 |
| Common colony | 0.2216 | 0.4154 | 0 | 1 |
| Transport cost exp | 2.8655 | 0.7832 | 0.2558 | 4.0019 |
| Transport cost imp | 3.9444 | 0.2684 | 3.5134 | 4.4002 |
| Tariff | 2.1754 | 1.3546 | −0.3857 | 4.7875 |
| GDP imp | 3.3723 | 0.2020 | 2.7992 | 3.6590 |
| GDP exp | 2.6639 | 0.4309 | 1.8558 | 3.1897 |
| Real exchange rate | 4.6382 | 0.1098 | 4.4518 | 4.8660 |
| Innovation for import | 3.5355 | 0.3090 | 2.9720 | 4.1026 |
| Innovation for export | 3.2950 | 0.1754 | 2.8959 | 3.6109 |
| Internet usage | 1.8125 | 1.0098 | −0.3567 | 3.2189 |
| Patent | 3.3435 | 1.4944 | 0 | 5.3706 |
| Variable | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|
| 9.2551 | 2.6132 | 0 | 14.0424 | |
| Distance | 8.3430 | 0.8921 | 5.1930 | 9.4501 |
| Contig | 0.1377 | 0.3447 | 0 | 1 |
| Common language | 0.4072 | 0.4914 | 0 | 1 |
| Common colony | 0.2216 | 0.4154 | 0 | 1 |
| Transport cost exp | 2.8655 | 0.7832 | 0.2558 | 4.0019 |
| Transport cost imp | 3.9444 | 0.2684 | 3.5134 | 4.4002 |
| Tariff | 2.1754 | 1.3546 | −0.3857 | 4.7875 |
| GDP imp | 3.3723 | 0.2020 | 2.7992 | 3.6590 |
| GDP exp | 2.6639 | 0.4309 | 1.8558 | 3.1897 |
| Real exchange rate | 4.6382 | 0.1098 | 4.4518 | 4.8660 |
| Innovation for import | 3.5355 | 0.3090 | 2.9720 | 4.1026 |
| Innovation for export | 3.2950 | 0.1754 | 2.8959 | 3.6109 |
| Internet usage | 1.8125 | 1.0098 | −0.3567 | 3.2189 |
| Patent | 3.3435 | 1.4944 | 0 | 5.3706 |
Source(s): Own analysis