------
log: K:\Roger-Australia\Robustness-1\Trinidad-UK_Exports.log
log type: text
opened on: 18 Aug 2006, 19:33:27
. clear
. *Estimating the Australian Immigration Trade relationship;
. insheet using k:\book2.txt
(54 vars, 11640 obs)
. drop if ccode ==.
(10630 observations deleted)
.
. **Dropping Trinidad and Tobago
. drop if ccode==137880
(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) = 6901.86
Log likelihood = -1012.537 Prob > chi2 = 0.0000
------
lrexp | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .5277755 .0389336 13.56 0.000 .451467 .604084
lgdp | 1.066 .0367922 28.97 0.000 .9938889 1.138112
lgdpau | -3.319744 .8709946 -3.81 0.000 -5.026862 -1.612626
lgdpdfrati~w | -1.79688 .3339417 -5.38 0.000 -2.451394 -1.142366
lpopau | 4.39333 3.036122 1.45 0.148 -1.55736 10.34402
lpop | .0047741 .0413328 0.12 0.908 -.0762367 .085785
lxrate1 | .0064404 .0150111 0.43 0.668 -.0229808 .0358617
lremote | .1438838 .0806461 1.78 0.074 -.0141797 .3019474
ldist | -1.40813 .1407236 -10.01 0.000 -1.683943 -1.132317
lopen | .9019333 .0777892 11.59 0.000 .7494693 1.054397
english | .1852186 .0874439 2.12 0.034 .0138317 .3566054
white | 3.274189 .573296 5.71 0.000 2.150549 4.397828
lwhitemg | -.3966174 .0518492 -7.65 0.000 -.49824 -.2949948
_cons | 8.649426 28.15051 0.31 0.759 -46.52456 63.82341
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .001516
lgdp | -.000871 .001354
lgdpau | -.003191 .002517 .758632
lgdpdfrati~w | .000818 -.001014 -.023787 .111517
lpopau | .012126 -.010155 -2.60374 .129951 9.21804
lpop | .000042 -.000664 .000951 9.5e-06 -.007073 .001708
lxrate1 | -4.0e-06 .000186 4.5e-06 -.000098 -.00028 -.000078 .000225
lremote | -.000344 .001042 .004296 -.002001 -.023472 .000193 .000051
ldist | .003691 -.002626 -.005726 .004832 .013668 .002219 .00038
lopen | -.000556 .000328 .010205 -.000961 -.055641 .000924 -.000067
english | -.000788 .001078 -.003068 .000939 .01951 -.000699 .00042
white | .007194 -.00191 -.006052 -.006453 -.000934 .01003 .001346
lwhitemg | -.000811 .00024 .000752 .000235 -.000614 -.000903 -.000109
_cons | -.143127 .103673 23.2957 -1.66225 -84.5006 .058437 -.003454
| lremote ldist lopen english white lwhitemg _cons
------+------
lremote | .006504
ldist | .001875 .019803
lopen | .002276 .000856 .006051
english | -.000312 .000026 -.003033 .007646
white | .015317 .033477 .00032 .001845 .328668
lwhitemg | -.001117 -.003377 -.00005 .000133 -.029326 .002688
_cons | .180053 -.289329 .617256 -.257528 -.464923 .048995 792.451
. **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) = 5959.93
Log likelihood = -1430.816 Prob > chi2 = 0.0000
------
lrrefp_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .3355717 .0451316 7.44 0.000 .2471154 .4240279
lgdp | 1.079919 .0673653 16.03 0.000 .947885 1.211952
lgdpau | -.4522884 .4702108 -0.96 0.336 -1.373885 .4693079
lgdpdfrati~w | -.2028385 .2883887 -0.70 0.482 -.7680699 .3623929
lpopau | 3.197704 1.700384 1.88 0.060 -.1349866 6.530395
lpop | .0616068 .0936568 0.66 0.511 -.1219573 .2451708
lxrate1 | -.0431792 .0293338 -1.47 0.141 -.1006724 .014314
lremote | -.2053635 .1609396 -1.28 0.202 -.5207993 .1100722
ldist | -3.153857 .3894587 -8.10 0.000 -3.917182 -2.390532
lopen | -.0760117 .0524096 -1.45 0.147 -.1787326 .0267093
english | .5940386 .1833772 3.24 0.001 .234626 .9534512
white | 7.832438 1.074779 7.29 0.000 5.725909 9.938966
lwhitemg | -.8383686 .1144495 -7.33 0.000 -1.062685 -.6140517
_cons | -31.98811 17.25887 -1.85 0.064 -65.81487 1.838643
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .002037
lgdp | -.00155 .004538
lgdpau | .00107 -.001569 .221098
lgdpdfrati~w | -.001879 .00313 -.022055 .083168
lpopau | -.00449 .003894 -.768729 .098417 2.8913
lpop | -.000149 -.004697 .00367 -.001362 -.019098 .008772
lxrate1 | .000109 .000381 .000501 .002597 -.005671 -.000547 .00086
lremote | .000127 .000273 -.020648 .002451 .087383 -.00339 .000653
ldist | .008896 -.010503 .004073 .002077 -.028767 .00542 .002092
lopen | .000066 -.000315 .002508 .001 -.011176 .00116 -.000379
english | -.001123 -.00143 .005656 .004241 -.042961 .003201 .001566
white | .010089 -.02498 .021842 -.003961 -.145088 .031517 .001612
lwhitemg | -.001469 .001911 -.004319 .000582 .021419 -.001985 -.000111
_cons | -.011317 .049395 7.09003 -1.23054 -28.1419 .170733 .048848
| lremote ldist lopen english white lwhitemg _cons
------+------
lremote | .025902
ldist | .003502 .151678
lopen | -.002201 .000745 .002747
english | -.004138 .002445 -.000623 .033627
white | -.010982 .056308 .002906 .038603 1.15515
lwhitemg | .003857 -.007014 -.00062 -.001733 -.117794 .013099
_cons | -1.12916 -1.01272 .122436 .542579 1.38781 -.213101 297.868
. *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) = 3430.45
Log likelihood = -1539.988 Prob > chi2 = 0.0000
------
lrdiff_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .4596472 .0547646 8.39 0.000 .3523105 .5669838
lgdp | 1.103756 .0631237 17.49 0.000 .9800362 1.227477
lgdpau | 2.505125 2.035781 1.23 0.218 -1.484934 6.495183
lgdpdfrati~w | -2.161438 .8198334 -2.64 0.008 -3.768282 -.5545941
lpopau | -9.097804 7.008658 -1.30 0.194 -22.83452 4.638914
lpop | -.2026099 .0803038 -2.52 0.012 -.3600025 -.0452173
lxrate1 | -.0655582 .0283614 -2.31 0.021 -.1211456 -.0099708
lremote | -.0066753 .2008242 -0.03 0.973 -.4002834 .3869328
ldist | -2.248883 .2386901 -9.42 0.000 -2.716707 -1.781059
lopen | .102055 .0912173 1.12 0.263 -.0767277 .2808376
english | .7391929 .1809485 4.09 0.000 .3845404 1.093845
white | 2.421662 1.155736 2.10 0.036 .1564613 4.686863
lwhitemg | -.2468092 .1043983 -2.36 0.018 -.451426 -.0421923
_cons | 89.38818 64.51255 1.39 0.166 -37.0541 215.8305
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .002999
lgdp | -.002017 .003985
lgdpau | -.002769 .005425 4.14441
lgdpdfrati~w | -.003435 .001646 -.205551 .672127
lpopau | .009114 -.026686 -14.0532 .958995 49.1213
lpop | .000141 -.003386 -.000679 .001009 .0053 .006449
lxrate1 | .000237 .00048 .000835 -.000364 -.007026 -.000871 .000804
lremote | .003979 -.002373 .003685 -.008614 -.03296 -.000279 .000884
ldist | .006838 -.005903 -.006953 .011836 .01569 .002521 .00299
lopen | -.000401 .000738 .014948 .002786 -.077237 .001225 -.000131
english | -.003179 .002281 -.000541 .010266 .012062 -.002969 .001214
white | .019732 -.019539 .042413 -.128509 -.192618 .011044 .002629
lwhitemg | -.001825 .001307 -.003475 .010823 .015638 -.000286 -.000188
_cons | -.15157 .349477 124.565 -11.297 -446.798 -.115054 .057141
| lremote ldist lopen english white lwhitemg _cons
------+------
lremote | .04033
ldist | .021485 .056973
lopen | .004156 .000609 .008321
english | -.013449 .00218 -.003452 .032742
white | .078755 .032658 -.002427 -.011312 1.33573
lwhitemg | -.004536 -.000956 .000365 .001134 -.117217 .010899
_cons | -.061529 -.779153 .81897 -.10172 1.33042 -.142088 4161.87
. *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) = 1976.66
Log likelihood = -1593.274 Prob > chi2 = 0.0000
------
lrhomo_cx | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .4553589 .0520473 8.75 0.000 .3533481 .5573697
lgdp | .9626572 .0955503 10.07 0.000 .775382 1.149932
lgdpau | -.077519 1.075598 -0.07 0.943 -2.185652 2.030614
lgdpdfrati~w | -.294853 .4577344 -0.64 0.519 -1.191996 .60229
lpopau | -5.53009 3.683317 -1.50 0.133 -12.74926 1.689077
lpop | .1730673 .1073266 1.61 0.107 -.037289 .3834236
lxrate1 | .0671568 .0366884 1.83 0.067 -.0047512 .1390648
lremote | -1.072472 .2291346 -4.68 0.000 -1.521567 -.6233761
ldist | -1.557743 .4746626 -3.28 0.001 -2.488065 -.6274216
lopen | .0344412 .0927444 0.37 0.710 -.1473345 .2162169
english | 1.077326 .296074 3.64 0.000 .4970321 1.657621
white | 12.1955 2.566577 4.75 0.000 7.165105 17.2259
lwhitemg | -1.435931 .274459 -5.23 0.000 -1.973861 -.8980012
_cons | 95.86722 34.70371 2.76 0.006 27.8492 163.8852
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .002709
lgdp | -.002949 .00913
lgdpau | .005511 -.010307 1.15691
lgdpdfrati~w | -.003546 .0072 -.051441 .209521
lpopau | -.021624 .023565 -3.84559 .267188 13.5668
lpop | .000339 -.005815 .000492 -.002703 -.002057 .011519
lxrate1 | -.000148 .00119 .002858 .002637 -.018102 -.001431 .001346
lremote | .000247 .008205 -.035947 .011166 .101997 -.006738 .000507
ldist | .01387 -.011048 .022214 -.006187 -.140287 .012899 .001749
lopen | .000042 -.001114 -.018624 .006563 .045613 .002112 -.000275
english | -.002267 .003513 .018344 .004195 -.090054 .004514 .002956
white | .009949 -.024421 .103014 -.014927 -.458366 .033502 .003635
lwhitemg | -.001151 .001611 -.011489 .001739 .050825 -.00274 -.000225
_cons | .130169 -.195346 33.7579 -3.4514 -124.322 -.088624 .193188
| lremote ldist lopen english white lwhitemg _cons
------+------
lremote | .052503
ldist | .021753 .225305
lopen | .001362 -.001086 .008602
english | -.01478 .015648 -.003518 .08766
white | -.013008 .053454 -.001281 .118946 6.58732
lwhitemg | .003163 -.007213 .000458 -.012349 -.69937 .075328
_cons | -1.49728 -.620926 -.276498 .820642 4.44027 -.485489 1204.35
. **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) = 2135.19
Log likelihood = -1438.259 Prob > chi2 = 0.0000
------
lrrefp_lx | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .3630969 .0471103 7.71 0.000 .2707624 .4554314
lgdp | .9017118 .080895 11.15 0.000 .7431604 1.060263
lgdpau | -.2637461 .4796954 -0.55 0.582 -1.203932 .6764396
lgdpdfrati~w | .1791427 .2421331 0.74 0.459 -.2954295 .6537149
lpopau | -2.393558 1.701688 -1.41 0.160 -5.728805 .9416886
lpop | .1957978 .1007337 1.94 0.052 -.0016366 .3932321
lxrate1 | -.0090655 .0273577 -0.33 0.740 -.0626856 .0445547
lremote | -.2256932 .1567973 -1.44 0.150 -.5330103 .0816238
ldist | -2.323503 .4671162 -4.97 0.000 -3.239033 -1.407972
lopen | .0301458 .049669 0.61 0.544 -.0672037 .1274953
english | .9470247 .2485888 3.81 0.000 .4597995 1.43425
white | 11.24129 2.080525 5.40 0.000 7.163539 15.31905
lwhitemg | -1.116463 .2037 -5.48 0.000 -1.515708 -.7172184
_cons | 49.19639 17.10948 2.88 0.004 15.66242 82.73036
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .002219
lgdp | -.002328 .006544
lgdpau | .001331 -.003576 .230108
lgdpdfrati~w | -.001802 .004218 -.023203 .058628
lpopau | -.006517 .012798 -.792581 .098771 2.89574
lpop | .000612 -.005729 .004797 -.003334 -.024941 .010147
lxrate1 | .00012 .000079 .001475 .001533 -.007949 -.000225 .000748
lremote | .000717 .000227 -.020005 .002041 .076577 -.00309 .000098
ldist | .007102 -.010659 .002453 -.001404 -.02343 .007782 .002404
lopen | -.000041 7.7e-06 .001951 .000957 -.009036 .00071 -.000146
english | -.001747 .000047 .008908 .003817 -.030138 .000303 .001916
white | .009246 -.0284 .021248 -.004882 -.134535 .035421 .009908
lwhitemg | -.001114 .001866 -.00327 .000371 .017613 -.002233 -.000879
_cons | .032052 -.06936 7.28 -1.13652 -27.6346 .210985 .065559
| lremote ldist lopen english white lwhitemg _cons
------+------
lremote | .024585
ldist | .009868 .218198
lopen | -.001498 -.00061 .002467
english | -.00652 .029257 -.00036 .061796
white | .032401 -.165417 -.004466 .011102 4.32859
lwhitemg | -.00113 .017574 .000201 .000778 -.419466 .041494
_cons | -1.018 -1.78595 .107729 .017657 2.9573 -.362562 292.734
. *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) = 3289.25
Log likelihood = -1557.496 Prob > chi2 = 0.0000
------
lrdiff_lx | Coef. Std. Err. z P>|z| [95% Conf. Interval]
------+------
limmig | .4189419 .0575323 7.28 0.000 .3061807 .5317031
lgdp | 1.199541 .069462 17.27 0.000 1.063398 1.335684
lgdpau | 2.226639 2.123953 1.05 0.294 -1.936232 6.389509
lgdpdfrati~w | -2.317595 .824943 -2.81 0.005 -3.934453 -.7007361
lpopau | -8.397462 7.309436 -1.15 0.251 -22.72369 5.92877
lpop | -.3045307 .0813086 -3.75 0.000 -.4638926 -.1451688
lxrate1 | -.0283261 .0283154 -1.00 0.317 -.0838232 .027171
lremote | .1110366 .1957809 0.57 0.571 -.2726869 .4947602
ldist | -2.215561 .2366121 -9.36 0.000 -2.679312 -1.751809
lopen | .127512 .1001534 1.27 0.203 -.068785 .323809
english | .869416 .1969146 4.42 0.000 .4834705 1.255362
white | 2.679623 1.170763 2.29 0.022 .384969 4.974277
lwhitemg | -.2583278 .1061659 -2.43 0.015 -.466409 -.0502465
_cons | 83.32856 67.25343 1.24 0.215 -48.48574 215.1429
------
. vce
| limmig lgdp lgdpau lgdpdf~w lpopau lpop lxrate1
------+------
limmig | .00331
lgdp | -.002612 .004825
lgdpau | -.003606 .006386 4.51117
lgdpdfrati~w | -.00375 .002815 -.211953 .680531
lpopau | .013132 -.031733 -15.2916 .967476 53.4279