------

log: K:\Roger-Australia\Robustness-1\Morocco-Niger_Exports.log

opened on: 18 Aug 2006, 18:37:19

. clear

. *Estimating the Australian Immigration Trade relationship;

. insheet using k:\book2.txt

(54 vars, 11640 obs)

. drop if ccode ==.

(10630 observations deleted)

.

. **Droping Morocco

. drop if ccode==165080

(10 observations deleted)

.

. ** Estimation Results

. **Regression of Exports without Distinction between "white" and "non-white Aus

> tralia"

. tsset ccode year

panel variable: ccode, 117100 to 725980

time variable: year, 1991 to 2000

.

. **I. Aggregate Exports

. xtgls lrexp limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 lr

> emote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 7076.02

Log likelihood = -1001.399 Prob > chi2 = 0.0000

------

lrexp | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .5356588 .0382857 13.99 0.000 .4606202 .6106975

lgdp | 1.062083 .0370505 28.67 0.000 .9894658 1.134701

lgdpau | -3.256085 .8623952 -3.78 0.000 -4.946348 -1.565821

lgdpdfrati~w | -1.803533 .3313688 -5.44 0.000 -2.453004 -1.154062

lpopau | 4.053654 3.008119 1.35 0.178 -1.84215 9.949458

lpop | .0034682 .0423472 0.08 0.935 -.0795309 .0864672

lxrate1 | .0062162 .0147277 0.42 0.673 -.0226495 .035082

lremote | .156653 .0844024 1.86 0.063 -.0087725 .3220786

ldist | -1.369116 .1404015 -9.75 0.000 -1.644298 -1.093934

lopen | .9113711 .0770876 11.82 0.000 .7602821 1.06246

english | .1831264 .0922744 1.98 0.047 .0022719 .3639809

white | 3.34819 .5894997 5.68 0.000 2.192792 4.503589

lwhitemg | -.4038082 .0530418 -7.61 0.000 -.5077683 -.2998481

_cons | 12.21402 27.8921 0.44 0.661 -42.45348 66.88153

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .001466

lgdp | -.000826 .001373

lgdpau | -.003101 .002478 .743725

lgdpdfrati~w | .000791 -.001026 -.023779 .109805

lpopau | .011737 -.009965 -2.55407 .130738 9.04878

lpop | .000055 -.000711 .001021 -.000099 -.007639 .001793

lxrate1 | -9.9e-06 .000193 .000021 -.000069 -.000319 -.000075 .000217

lremote | -.00036 .001098 .004428 -.002441 -.024272 .000217 .000053

ldist | .003534 -.002229 -.004957 .004201 .010187 .002138 .00039

lopen | -.000552 .000296 .010057 -.001048 -.054941 .001013 -.000066

english | -.00077 .001373 -.002699 .00059 .017799 -.001024 .00046

white | .007082 -.001627 -.003972 -.008931 -.01153 .010243 .001428

lwhitemg | -.000799 .000205 .000554 .000448 .000384 -.000925 -.000118

_cons | -.138298 .097157 22.8531 -1.66162 -82.9474 .066494 -.003544

| lremote ldist lopen english white lwhitemg _cons

------+------

lremote | .007124

ldist | .002034 .019713

lopen | .002307 .000911 .005943

english | .000139 .000796 -.002992 .008515

white | .017088 .033388 .000989 .001722 .34751

lwhitemg | -.001216 -.003401 -.000105 .000127 -.030821 .002813

_cons | .181369 -.258937 .607985 -.251925 -.365147 .039602 777.969

. **II. Conservative Estimates

. *2.1. Aggregate reference priced Exports (conservative)

. xtgls lrrefp_cx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 7336.57

Log likelihood = -1429.605 Prob > chi2 = 0.0000

------

lrrefp_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .3507119 .0461828 7.59 0.000 .2601952 .4412286

lgdp | 1.071399 .06654 16.10 0.000 .940983 1.201815

lgdpau | -.3517877 .4986209 -0.71 0.480 -1.329067 .6254913

lgdpdfrati~w | -.2342285 .2971955 -0.79 0.431 -.8167208 .3482639

lpopau | 3.004761 1.79519 1.67 0.094 -.5137473 6.523269

lpop | .0463321 .0932002 0.50 0.619 -.136337 .2290012

lxrate1 | -.0426919 .0296326 -1.44 0.150 -.1007707 .0153869

lremote | -.2677854 .1641657 -1.63 0.103 -.5895442 .0539734

ldist | -3.123938 .3849127 -8.12 0.000 -3.878353 -2.369523

lopen | -.0696638 .0539869 -1.29 0.197 -.1754762 .0361486

english | .5424317 .1778522 3.05 0.002 .1938478 .8910156

white | 7.683936 1.093582 7.03 0.000 5.540554 9.827319

lwhitemg | -.838145 .116892 -7.17 0.000 -1.067249 -.6090408

_cons | -30.72852 18.08775 -1.70 0.089 -66.17986 4.722827

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .002133

lgdp | -.001607 .004428

lgdpau | .001142 -.001325 .248623

lgdpdfrati~w | -.001975 .003179 -.023836 .088325

lpopau | -.005202 .003736 -.862184 .106717 3.22271

lpop | -.000118 -.004654 .00341 -.001322 -.018208 .008686

lxrate1 | .000117 .000383 .000587 .002603 -.006063 -.000544 .000878

lremote | .000085 .000209 -.02132 .002441 .089693 -.003318 .000605

ldist | .009185 -.010744 .004076 .001454 -.028459 .00518 .00196

lopen | .00006 -.000237 .002461 .001108 -.011415 .001107 -.000363

english | -.001124 -.00132 .005738 .004329 -.04196 .002822 .001591

white | .010714 -.025128 .021091 -.004388 -.144849 .031319 .001628

lwhitemg | -.001552 .001982 -.004422 .000647 .022029 -.002003 -.000118

_cons | -.003448 .050576 7.92405 -1.32217 -31.2281 .164747 .054628

| lremote ldist lopen english white lwhitemg _cons

------+------

lremote | .02695

ldist | .003138 .148158

lopen | -.002017 .000931 .002915

english | -.004459 -.000714 -.000705 .031631

white | -.010655 .055513 .002598 .037361 1.19592

lwhitemg | .003989 -.006999 -.000597 -.001691 -.122548 .013664

_cons | -1.15495 -.972 .123336 .560441 1.41203 -.222736 327.167

. *2.2. Aggregate Differentiated Exports (conservative)

. xtgls lrdiff_cx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 3614.27

Log likelihood = -1544.041 Prob > chi2 = 0.0000

------

lrdiff_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .4619457 .0541323 8.53 0.000 .3558485 .568043

lgdp | 1.092972 .0629301 17.37 0.000 .9696311 1.216313

lgdpau | 2.217268 2.037553 1.09 0.277 -1.776262 6.210798

lgdpdfrati~w | -2.273722 .820481 -2.77 0.006 -3.881835 -.6656084

lpopau | -8.267166 7.015073 -1.18 0.239 -22.01646 5.482124

lpop | -.1736636 .0797071 -2.18 0.029 -.3298866 -.0174406

lxrate1 | -.063009 .028053 -2.25 0.025 -.1179919 -.0080262

lremote | .0453569 .1996761 0.23 0.820 -.3460011 .4367149

ldist | -2.262916 .2318387 -9.76 0.000 -2.717312 -1.808521

lopen | .0955195 .0910356 1.05 0.294 -.0829071 .2739461

english | .6838164 .1819741 3.76 0.000 .3271537 1.040479

white | 2.757041 1.162095 2.37 0.018 .4793766 5.034706

lwhitemg | -.2677037 .1056353 -2.53 0.011 -.474745 -.0606624

_cons | 82.69182 64.55502 1.28 0.200 -43.8337 209.2173

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .00293

lgdp | -.002032 .00396

lgdpau | -.002732 .005586 4.15162

lgdpdfrati~w | -.003676 .001535 -.206524 .673189

lpopau | .009232 -.027282 -14.0818 .966893 49.2112

lpop | .000211 -.003376 -.00092 .001396 .006195 .006353

lxrate1 | .00019 .000493 .000875 -.000583 -.007019 -.000857 .000787

lremote | .004138 -.00254 .002955 -.007928 -.030069 -.000272 .00098

ldist | .006467 -.005866 -.006681 .011358 .016607 .002598 .002799

lopen | -.000408 .000752 .015117 .002902 -.077781 .001199 -.000144

english | -.003123 .002554 -.000034 .010571 .009953 -.003424 .001297

white | .020154 -.018891 .039109 -.126442 -.177534 .008559 .002328

lwhitemg | -.001827 .001253 -.003282 .010803 .014582 -.00008 -.000129

_cons | -.152346 .35673 124.856 -11.4071 -447.582 -.123664 .056865

| lremote ldist lopen english white lwhitemg _cons

------+------

lremote | .039871

ldist | .021085 .053749

lopen | .004005 .000492 .008287

english | -.014413 .002095 -.00336 .033115

white | .081557 .025866 -.002773 -.015523 1.35047

lwhitemg | -.004888 -.000186 .000379 .001375 -.119414 .011159

_cons | -.08066 -.766316 .826119 -.070743 1.22937 -.13613 4167.35

. *2.3. Aggregate Homogenous Exports (conservative)

. xtgls lrhomo_cx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 1887.72

Log likelihood = -1603.224 Prob > chi2 = 0.0000

------

lrhomo_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .4633102 .0538382 8.61 0.000 .3577892 .5688311

lgdp | .9241267 .0973436 9.49 0.000 .7333368 1.114917

lgdpau | -.0181797 1.114298 -0.02 0.987 -2.202163 2.165804

lgdpdfrati~w | -.3415769 .4698039 -0.73 0.467 -1.262376 .5792219

lpopau | -6.683844 3.811936 -1.75 0.080 -14.1551 .7874139

lpop | .185151 .1080118 1.71 0.086 -.0265483 .3968503

lxrate1 | .0654283 .037357 1.75 0.080 -.00779 .1386466

lremote | -1.169847 .2337491 -5.00 0.000 -1.627986 -.711707

ldist | -1.606777 .5032517 -3.19 0.001 -2.593132 -.620422

lopen | .0555006 .0972575 0.57 0.568 -.1351207 .2461218

english | .9882007 .2990089 3.30 0.001 .402154 1.574247

white | 13.44182 2.631616 5.11 0.000 8.283942 18.59969

lwhitemg | -1.566954 .2814365 -5.57 0.000 -2.11856 -1.015349

_cons | 115.55 35.89162 3.22 0.001 45.20372 185.8963

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .002899

lgdp | -.003126 .009476

lgdpau | .006222 -.011251 1.24166

lgdpdfrati~w | -.003719 .007847 -.060799 .220716

lpopau | -.023668 .024704 -4.12366 .299456 14.5309

lpop | .000361 -.005851 .000258 -.003057 .000675 .011667

lxrate1 | -.000113 .00117 .002992 .002724 -.019406 -.001446 .001396

lremote | .000332 .008665 -.037441 .012282 .100765 -.006706 .000564

ldist | .015117 -.011364 .024687 -.006283 -.151422 .013476 .002081

lopen | -.000029 -.001069 -.020818 .006796 .050633 .002194 -.000274

english | -.002601 .00404 .016872 .004785 -.080626 .004941 .002842

white | .011456 -.026558 .101438 -.015395 -.431859 .034816 .003406

lwhitemg | -.001314 .001824 -.011309 .00171 .048116 -.002902 -.000194

_cons | .135352 -.197123 36.1648 -3.76967 -132.993 -.134911 .208045

| lremote ldist lopen english white lwhitemg _cons

------+------

lremote | .054639

ldist | .026449 .253262

lopen | .001702 -.001867 .009459

english | -.014436 .014726 -.003691 .089406

white | -.014879 .060177 -.001 .124345 6.92541

lwhitemg | .00329 -.008136 .000465 -.012964 -.73548 .079206

_cons | -1.51277 -.818792 -.299064 .690492 4.01119 -.438648 1288.21

. **III. Liberal Estimates

. *3.1. Aggregate reference priced Exports (liberal)

. xtgls lrrefp_lx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 2015.56

Log likelihood = -1438.025 Prob > chi2 = 0.0000

------

lrrefp_lx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .3371369 .047143 7.15 0.000 .2447383 .4295356

lgdp | .9794819 .0859278 11.40 0.000 .8110665 1.147897

lgdpau | -.1109437 .5146907 -0.22 0.829 -1.119719 .8978314

lgdpdfrati~w | .0501834 .266815 0.19 0.851 -.4727644 .5731313

lpopau | -3.225402 1.817153 -1.77 0.076 -6.786956 .3361532

lpop | .1199895 .1010484 1.19 0.235 -.0780617 .3180406

lxrate1 | -.0021652 .0291823 -0.07 0.941 -.0593615 .0550311

lremote | -.229693 .1607289 -1.43 0.153 -.5447158 .0853298

ldist | -2.316154 .4772049 -4.85 0.000 -3.251458 -1.380849

lopen | .015025 .0535435 0.28 0.779 -.0899183 .1199683

english | 1.018321 .2549136 3.99 0.000 .5186998 1.517943

white | 10.86763 2.096463 5.18 0.000 6.758638 14.97662

lwhitemg | -1.09045 .2049778 -5.32 0.000 -1.492199 -.688701

_cons | 58.64296 18.21939 3.22 0.001 22.9336 94.35231

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .002222

lgdp | -.002517 .007384

lgdpau | .00159 -.003849 .264906

lgdpdfrati~w | -.001873 .004268 -.026414 .07119

lpopau | -.007878 .013027 -.908422 .116825 3.30205

lpop | .000759 -.006021 .004246 -.003311 -.022364 .010211

lxrate1 | .000116 .000137 .001585 .001744 -.008051 -.000365 .000852

lremote | .000457 .000852 -.021078 .003093 .078782 -.003199 .000094

ldist | .006321 -.008078 -.00097 .000394 -.017534 .008178 .002286

lopen | .000015 -.00017 .002002 .001119 -.009293 .000882 -.000215

english | -.002456 .002376 .006777 .004851 -.025809 .000281 .002003

white | .010185 -.03163 .02493 -.003376 -.138707 .033512 .011354

lwhitemg | -.001186 .002104 -.003771 .000345 .018881 -.002072 -.001018

_cons | .059904 -.110502 8.34769 -1.39369 -31.4722 .185427 .065711

| lremote ldist lopen english white lwhitemg _cons

------+------

lremote | .025834

ldist | .011028 .227725

lopen | -.00138 -.00084 .002867

english | -.005905 .031955 -.000899 .064981

white | .032008 -.183203 -.004512 .006906 4.39516

lwhitemg | -.001032 .018993 .000216 .000957 -.425312 .042016

_cons | -1.06075 -1.95867 .113327 -.081399 3.19642 -.392014 331.946

. *3.2. Aggregate Differentiated Exports (liberal)

. xtgls lrdiff_lx limmig lgdp lgdpau lgdpdfrationew lpopau lpop lxrate1 l

> remote ldist lopen english white lwhitemg, igls panels(hetero)corr(psar1)nolog

Cross-sectional time-series FGLS regression

Coefficients: generalized least squares

Panels: heteroskedastic

Correlation: panel-specific AR(1)

Estimated covariances = 100 Number of obs = 1000

Estimated autocorrelations = 100 Number of groups = 100

Estimated coefficients = 14 Time periods = 10

Wald chi2(13) = 3430.33

Log likelihood = -1561.01 Prob > chi2 = 0.0000

------

lrdiff_lx | Coef. Std. Err. z P>|z| [95% Conf. Interval]

------+------

limmig | .4211067 .0570304 7.38 0.000 .3093292 .5328842

lgdp | 1.193039 .0690863 17.27 0.000 1.057632 1.328445

lgdpau | 1.963327 2.116184 0.93 0.354 -2.184318 6.110971

lgdpdfrati~w | -2.440574 .8232651 -2.96 0.003 -4.054144 -.8270041

lpopau | -7.643908 7.283607 -1.05 0.294 -21.91952 6.6317

lpop | -.2860741 .0813745 -3.52 0.000 -.4455653 -.126583

lxrate1 | -.0241237 .0282407 -0.85 0.393 -.0794745 .0312272

lremote | .1677399 .1939814 0.86 0.387 -.2124567 .5479364

ldist | -2.232707 .2307812 -9.67 0.000 -2.68503 -1.780384

lopen | .1158675 .0990043 1.17 0.242 -.0781773 .3099123

english | .8271688 .1973839 4.19 0.000 .4403035 1.214034

white | 3.021291 1.175335 2.57 0.010 .7176772 5.324905

lwhitemg | -.2810404 .1070765 -2.62 0.009 -.4909064 -.0711744

_cons | 77.32011 67.01327 1.15 0.249 -54.02349 208.6637

------

. vce

| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1

------+------

limmig | .003252

lgdp | -.002592 .004773

lgdpau | -.003576 .006552 4.47824

lgdpdfrati~w | -.003892 .002627 -.212863 .677765

lpopau | .013089 -.032202 -15.1838 .973234 53.0509