OLS estimation results of manufacturing export model
| Explanatory Variables | (1) | (2) | (3) |
|---|---|---|---|
| LnER | 0.510 (1.501) | 2.159** (0.761) | 0.020** (0.007) |
| LnREP | 2.242* (1.083) | 2.731** (1.058) | 2.715** (1.058) |
| LnLP | −1.872** (0.737) | −2.967** (1.062) | −2.963** (1.073) |
| LnRD | 0.826*** (0.224) | 0.980*** (0.254) | 0.989*** (0.256) |
| LnDM | 0.227 (0.441) | 0.282 (0.360) | 0.278 (0.360) |
| Constant | −8.829 (6.096) | −5.513*** (0.822) | −5.528*** (0.825) |
| R2 | 0.925 | 0.930 | 0.929 |
| Number of Observations | 22 | 21 | 21 |
| (1) | (2) | (3) | |
|---|---|---|---|
| 0.510 (1.501) | 2.159** (0.761) | 0.020** (0.007) | |
| 2.242* (1.083) | 2.731** (1.058) | 2.715** (1.058) | |
| −1.872** (0.737) | −2.967** (1.062) | −2.963** (1.073) | |
| 0.826*** (0.224) | 0.980*** (0.254) | 0.989*** (0.256) | |
| 0.227 (0.441) | 0.282 (0.360) | 0.278 (0.360) | |
| −8.829 (6.096) | −5.513*** (0.822) | −5.528*** (0.825) | |
| 0.925 | 0.930 | 0.929 | |
| Number of Observations | 22 | 21 | 21 |
Note(s): (1) All variables are in natural log format except for the exchange rate in columns 2 and 3; column 2 shows the exchange rate in log differences and column 3 shows average differences. (2) Figures in parentheses are the Standard Errors of the corresponding variables. (3)*significant at 0.01 level for a two-tailed test, 0.05 level for a two-tailed test and ***significant at 0.1 level for a two-tailed test. (4) ER, exchange rate; REP, relative export price; LP, labor productivity; RD, proxy for technology; DM, Overall demand for the manufacture of Ethiopia and Ln, natural log
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