Table 2 Gravity equation of trade: Full...

Table 2

Gravity equation of trade: Full age distribution

	OLS	PPML
	(1)	(2)
	ln(⁠ $X_{i j t}$ ⁠)	$X_{i j t}$
$D_{1}$	1.65***	0.02
$D_{1}$	(0.09)	(0.15)
$D_{2}$	−2.64***	0.31
$D_{2}$	(0.15)	(0.24)
$D_{3}$	1.11***	−0.24**
$D_{3}$	(0.07)	(0.11)
$Z_{i j t}$	X	X
$P a i r F E s$	X	X
$Y e a r F E s$	X	X
F-Stat: $D_{1} - D_{3}$	322.38	38.03
R²	0.84
psuedo-R²		0.97
N	650,339	1,086,134

	OLS	PPML
$D_{1}$	1.65***	0.02
(0.09)	(0.15)
$D_{2}$	−2.64***	0.31
(0.15)	(0.24)
$D_{3}$	1.11***	−0.24**
(0.07)	(0.11)
$Z_{i j t}$	X	X
$P a i r F E s$	X	X
$Y e a r F E s$	X	X
F-Stat: $D_{1} - D_{3}$	322.38	38.03
R²	0.84
psuedo-R²		0.97
N	650,339	1,086,134

Note(s): Coefficients and standard errors for D2/D3 scaled by 10/100 respectively to improve readability. F-stat is the F statistic resulting from a test of joint significance of three demographic variables. $Z_{i j t}$ contains controls for GDP and GDP per capita as well as for regional trade agreements between the country-pair

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	OLS	PPML
	(1)	(2)
	ln( $X_{i j t}$ )	$X_{i j t}$
$D_{1}$	1.65***	0.02
$D_{1}$	(0.09)	(0.15)
$D_{2}$	−2.64***	0.31
$D_{2}$	(0.15)	(0.24)
$D_{3}$	1.11***	−0.24**
$D_{3}$	(0.07)	(0.11)
$Z_{i j t}$	X	X
$P a i r F E s$	X	X
$Y e a r F E s$	X	X
F-Stat: $D_{1} - D_{3}$	322.38	38.03
R²	0.84
psuedo-R²		0.97
N	650,339	1,086,134

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