Table 11
Predicted probability of exit: by export status
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1979 to 1984 | 1984 to 1990 | 1990 to 1996 | ||||
---|---|---|---|---|---|---|
estimate | standard error | estimate | standard error | estimate | standard error | |
Non-exporters | ||||||
Predicted exit rate for scenario | ||||||
1: changes in tariffs = 0, changes in real exchange rates=0 | 32.7 * | 0.006 | 29.0 * | 0.015 | 26.6 * | 0.02 |
2: changes in tariffs =actual changes, changes in real exchange rates=0 | 37.0 * | 0.002 | 35.2 * | 0.013 | 39.9 * | 0.014 |
3: changes in tariffs = 0, changes in real exchange rates=actual changes | 32.7 * | 0.006 | 30.6 * | 0.009 | 24.9 * | 0.016 |
4: changes in tariffs = actual changes, changes in real exchange rates=actual changes | 36.9 * | 0.002 | 36.9 * | 0.002 | 37.8 * | 0.002 |
Difference between scenarios | ||||||
2 and 1 (predicted exit rate resulting from tariff changes) | 4.3 * | 0.006 | 6.2 * | 0.009 | 13.2 * | 0.017 |
3 and 1 (predicted exit rate resulting from real-exchange-rate changes) | -0.04 | 0.000 | 1.6 | 0.012 | -1.7 | 0.012 |
4 and 1 (predicted exit rate resulting from changes in tariffs and real exchange rates) | 4.2 * | 0.006 | 7.9 * | 0.016 | 11.2 * | 0.020 |
Exporters | ||||||
Predicted exit rate for scenarios | ||||||
1: changes in tariffs = 0, changes in real exchange rates=0 | 15.9 * | 0.011 | 6.7 * | 0.014 | 8.2 * | 0.022 |
2: changes in tariffs =actual changes, changes in real exchange rates=0 | 22.0 * | 0.004 | 13.7 * | 0.017 | 29.3 * | 0.029 |
3: changes in tariffs = 0, changes in real exchange rates=actual changes | 14.3 * | 0.011 | 11.3 * | 0.013 | 4.7 * | 0.013 |
4: changes in tariffs = actual changes, changes in real exchange rates=actual changes | 20.0 * | 0.005 | 21.1 * | 0.004 | 20.5 * | 0.005 |
Difference between scenarios | ||||||
2 and 1 (predicted exit rate resulting from tariff changes) | 6.1 * | 0.012 | 7.0 * | 0.012 | 21.2 * | 0.025 |
3 and 1 (predicted exit rate resulting from real-exchange-rate changes) | -1.6 * | 0.004 | 4.6 * | 0.010 | -3.5 * | 0.013 |
4 and 1 (predicted exit rate resulting from changes in tariffs and real exchange rates) | 4.0 * | 0.012 | 14.4 * | 0.014 | 12.4 * | 0.018 |
1979 to 1984 | 1984 to 1990 | 1990 to 1996 | |||||
---|---|---|---|---|---|---|---|
percent | |||||||
Non-exporters | |||||||
Actual average changes in tariffs over the period (in percentage) | -1.1 | -1.7 | -3.5 | ||||
Actual average changes in real exchange rates over the period (in percentage) | -0.3 | 11.1 | -11.5 | ||||
Exporters | |||||||
Actual average changes in tariffs over the period (in percentage) | -1.0 | -1.7 | -3.2 | ||||
Actual average changes in real exchange rates over the period (in percentage) | -2.5 | 10.0 | -9.8 |
p<0.05
Note(s):
Predicted probability is evaluated at the group mean values of all variables.
An alternative is to derive average predicted probabilities over all observations
by group. The two methods yield very similar results.
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