Table 5

The effects of TPU, UCT, INS to TFP in the context of bilateral trade with China and the US

Part ATrade with China
Dep. VarTFP1TFP2
Model(1)(2)(3)(4)(5)(6)(7)(8)
Trade varTradeCNImCNExCNTBCNTradeCNImCNExCNTBCN
INS+a+a+a+a+a+a+a+a
TPU–a–a–a–a–a–a–a–a
UCT–a–a–a–a–a–a–a–a
Part BTrade with the US
Dep. VarTFP1TFP2
Model(1)(2)(3)(4)(5)(6)(7)(8)
Trade varTradeUSImUSExUSTBUSTradeUSImUSExUSTBUS
INS+a+a+a+a+a+a+a+a
TPU–a–a–a–a–a–a–a–a
UCT–a–a–a–a–a–a–a–a

Note(s): ±Refer to positive/negative coefficients; a denotes the significance level at 1

Source(s): Formed by authors

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