|(13)<br>0.845<br>[0.658]<br>-1.640**<br>[0.694]<br>0.609<br>[0.498]<br>1.807***<br>[0.526]<br>0.911***<br>[0.036]<br>0.861***<br>[0.134]<br>1.297<br>[0.796]<br>2.413***<br>[0.838]<br>0.315**<br>[0.152]<br>0.018<br>[0.053]<br>0.018<br>[0.019]<br>0.183***<br>[0.040]<br>-0.728***<br>[0.141]<br>0.512<br>[0.459]<br>-0.501***<br>[0.178]<br>34,494<br>5,881<br>%; **<br>006).<br>vince|
|---|
|(12)<br>0.825<br>[0.658]<br>-1.544**<br>[0.683]<br>0.584<br>[0.502]<br>1.799***<br>[0.541]<br>0.911***<br>[0.036]<br>0.860***<br>[0.134]<br>1.281<br>[0.798]<br>2.582***<br>[0.858]<br>0.315**<br>[0.152]<br>-0.703***<br>[0.137]<br>0.518<br>[0.457]<br>-0.499***<br>[0.178]<br>34,494<br>5,881<br>cant at 10<br>Tenreyro, 2<br> set of pro|
|(11)<br>0.495<br>[0.720]<br>-2.264***<br>[0.693]<br>0.344<br>[0.551]<br>1.796***<br>[0.544]<br>0.911***<br>[0.037]<br>0.853***<br>[0.133]<br>0.511<br>[0.574]<br>5.355***<br>[1.131]<br>0.314**<br>[0.152]<br>-0.467**<br>[0.206]<br>34,494<br>5,881<br>rs. * signif<br> (Silva and <br>nstant and a|
|(10)<br>1.426<br>[0.974]<br>-2.240***<br>[0.692]<br>0.482<br>[0.582]<br>1.779***<br>[0.543]<br>0.911***<br>[0.037]<br>0.852***<br>[0.133]<br>1.570<br>[1.019]<br>5.208***<br>[1.130]<br>0.316**<br>[0.153]<br>0.442<br>[0.467]<br>34,494<br>5,881<br>ovince pai<br> estimator <br>_,j,t_). A co|
|(9)<br>1.675**<br>[0.832]<br>-1.539**<br>[0.685]<br>0.816<br>[0.526]<br>1.787***<br>[0.535]<br>0.911***<br>[0.036]<br>0.859***<br>[0.133]<br>1.466**<br>[0.703]<br>2.558***<br>[0.863]<br>0.319**<br>[0.153]<br>-0.693***<br>[0.146]<br>34,494<br>5,881<br>y country-pr<br>od (PPML) <br>ar _t_ (_REMi_|
|(8)<br>1.356<br>[0.946]<br>-2.349***<br>[0.693]<br>0.501<br>[0.583]<br>1.850***<br>[0.547]<br>0.911***<br>[0.037]<br>0.854***<br>[0.133]<br>1.133<br>[0.742]<br>5.133***<br>[1.187]<br>0.316**<br>[0.153]<br>-0.067<br>[0.051]<br>0.045**<br>[0.018]<br>0.104***<br>[0.035]<br>34,494<br>5,881<br>lustered b<br>m Likeliho<br>try _j_ in ye|
|(7)<br>1.363<br>[0.937]<br>-2.269***<br>[0.693]<br>0.532<br>[0.577]<br>1.785***<br>[0.541]<br>0.911***<br>[0.037]<br>0.852***<br>[0.133]<br>1.155<br>[0.736]<br>5.240***<br>[1.165]<br>0.316**<br>[0.153]<br>0.078**<br>[0.032]<br>34,494<br>5,881<br>rd errors c<br>do Maximu<br>e _i_ to coun|
|(6)<br>1.378<br>[0.940]<br>-2.373***<br>[0.688]<br>0.510<br>[0.577]<br>1.802***<br>[0.541]<br>0.911***<br>[0.037]<br>0.854***<br>[0.133]<br>1.152<br>[0.737]<br>5.153***<br>[1.179]<br>0.316**<br>[0.153]<br>0.039**<br>[0.019]<br>34,494<br>5,881<br>bust standa<br>oisson Pseu<br>rom provinc|
|(5)<br>1.345<br>[0.936]<br>-2.184***<br>[0.701]<br>0.511<br>[0.578]<br>1.814***<br>[0.546]<br>0.911***<br>[0.037]<br>0.852***<br>[0.133]<br>1.134<br>[0.740]<br>5.259***<br>[1.161]<br>0.316**<br>[0.153]<br>-0.055<br>[0.051]<br>34,494<br>5,881<br>sociated ro<br>sing the P<br>ant prices f|
|(4)<br>1.363<br>[0.934]<br>-2.245***<br>[0.694]<br>0.525<br>[0.575]<br>1.781***<br>[0.541]<br>0.911***<br>[0.037]<br>0.852***<br>[0.133]<br>1.152<br>[0.737]<br>5.251***<br>[1.160]<br>0.316**<br>[0.153]<br>34,494<br>5,881<br>ets) the as<br>d out by u<br>s at const|
|(3)<br>1.196<br>[0.889]<br>-1.601**<br>[0.737]<br>0.911***<br>[0.037]<br>0.850***<br>[0.132]<br>0.869<br>[0.674]<br>4.118***<br>[1.188]<br>0.319**<br>[0.153]<br>34,494<br>5,881<br> (in brack<br>s are carrie<br> remittance|
|(2)<br>1.191<br>[0.885]<br>-1.666**<br>[0.738]<br>0.919***<br>[0.037]<br>0.877<br>[0.671]<br>3.905***<br>[1.160]<br>0.276*<br>[0.157]<br>34,494<br>5,881<br>fcients and<br> Estimation<br>otal ofcial <br>e included.|
|(1)<br>0.920***<br>[0.038]<br>0.280<br>[0.311]<br>3.570***<br>[1.108]<br>0.276*<br>[0.157]<br>34,494<br>5,881<br>ession coe<br>ant at 1%. <br> value of t<br>ummies ar|
|CYCLE_i,t_<br>CYCLE_j,t_<br>TREND_i,t_<br>TREND_j,t_<br>MIGRANTS_i,j,t_<br>∆MIGRANTS_i,j_<br>POP_i,t_<br>POP_j,t_<br>DISTANCE_i,j_<br>WAR_j,t_<br>DISASTER_j,t_<br>TT SHOCK_j,t_<br>FINDEV_j,t_<br>BANK_i,t_<br>FUNCTIONAL DISTANCE_i,t_<br>Observations<br>Number of pair<br>_Notes_: The table reports regr<br>signifcant at 5%; *** signifc<br>The dependent variable is the<br>(_i_), country (_j_) and year (_t_) d|

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