Table 2

Summary statistics of the variables

VariableObsMeanMedianStd. DevMinMax
Bilateral Trade7184.3690974.6345183.00870209.721754
ExRate_Vol784−2.16e-10−0.33570851−0.38665724.510213
Level of output71810.4102610.431371.5351776.57006713.72588
Output_Vol6805.8667766.1402841.8597830.57044279.393717
Level of income7187.2199967.2173120.63879175.7085718.788816
Bilateral distance7847.3641997.6288280.67333525.9259988.133459
Language7840.011482100.041467900.2166
Border7840.178571400.383237501

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