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Table 9 Gravity Model estimates and standard errors alongside their significance on edge formation

From: Analysis of the global trade network using exponential random graph models

Configuration Estimate Standard error Significance
Intercept − 2.985 0.144 ***
GDP (Current US$) nodecov − 0.054 0.019 **
GDP (Current US$) absdiff 0.301 0.025 ***
Inflation, consumer prices nodecov − 0.040 0.025  
Inflation, consumer prices absdiff 0.013 0.031  
GDP growth nodecov 0.015 0.020  
GDP growth absdiff − 0.059 0.025 *
Is landlocked nodematch − 0.274 0.040 ***
Official language nodematch − 0.188 0.071 **
Agriculture, forestry, and fishing, value added (% of GDP) nodecov − 0.047 0.023 *
Agriculture, forestry, and fishing, value added (% of GDP) absdiff 0.078 0.028 **
Industry (including construction), value added (% of GDP) nodecov 0.091 0.023 ***
Industry (including construction), value added (% of GDP) absdiff − 0.146 0.028 ***
Merchandise trade (% of GDP) nodecov 0.063 0.019 **
Merchandise trade (% of GDP) absdiff − 0.016 0.026  
Net barter terms of trade index (2000 = 100) nodecov 0.084 0.018 ***
Net barter terms of trade index (2000 = 100) absdiff − 0.103 0.025 ***
Foreign direct investment, net inflows nodecov − 2.195 0.228 ***
Foreign direct investment, net inflows absdiff 1.955 0.230 ***
  1. \(p<0.1\)., \(p<0.05\)*, \(p<0.01\)**, \(p<0.001\)***