**Table 4:  Insturmental variable estimation of exports equations**

||All indu|stries in th|e sample|Garm|ents and tex|tiles only|
|---|---|---|---|---|---|---|
|Dependent variable=log exports<br>2SLS|New's|inimum C|hi-square|2SLS|New's M|inimum Chi-square|
|<br>|y<br>Tobit Est|<br>imator|||y<br>Tobit Esti|<br>mator|
|(1)|(2)|(3)|(4)|(5)|(6)|(7)|
|National supplier access<br>2.846|12.924|7.569|17.168|1.387|5.922|10.127|
|(5.27)**|(3.67)**|(1.77)|(13.63)**|(3.68)**|(2.56)*|(2.96)**|
|Local supplier access<br>2.799|16.325|16.054|15.056|4.848|13.976|9.537|
|(9.77)**|(7.23)**|(5.91)**|(30.44)**|(1.97)*|(0.75)|(1.02)|
|Foreign market access<br>0.365|4.251|6.842|2.503|0.699|3.614|2.472|
|(1.77)|(2.51)*|(3.31)**|(11.61)**|(2.89)**|(2.36)*|(3.56)**|
|Log (employment)<br>0.333|6.973|15.863||2.359|8.514||
|(0.61)|(1.86)|(4.35)**||(2.20)*|(1.00)||
|Log (age)<br>-5.928|-68.060|-101.214||-2.507|-19.206||
|(1.89)|(2.59)**|(2.89)**||(0.84)|(0.75)||
|Foreign owned<br>27.395|98.497|||33.885|98.369||
|(8.40)**|(5.12)**|||(4.59)**|(1.76)||
|Control of corruption<br>2.610|9.796|16.646|29.948|1.729|0.196|12.981|
|(3.35)**|(1.98)*|(3.14)**|(21.39)**|(1.67)|(0.04)|(1.66)|
|Bangladesh<br>3.092|-11.622|-35.563|15.394|0.531|-8.722|28.011|
|(2.18)*|(1.19)|(3.28)**|(15.51)**|(0.14)|(0.29)|(9.42)**|
|Malaysia<br>-4.591|-33.345|-19.278|-22.052|-3.356|-6.299|3.865|
|(4.93)**|(4.66)**|(2.96)**|(11.67)**|(1.09)|(0.26)|(0.30)|
|China<br>-17.072|-104.648|-99.287|-59.150|-4.537|-14.597|-50.315|
|(12.91)**|(9.50)**|(6.71)**|(15.55)**|(0.94)|(0.36)|(4.95)**|
|India<br>-6.043|-23.254|-10.970|-49.723|6.674|-28.434|-17.117|
|(3.65)**|(2.19)*|(0.83)|(14.96)**|(7.71)**|(5.64)**|(0.74)|
|Brazil<br>-9.479|-44.971|-43.510|-66.494||||
|(7.23)**|(5.63)**|(4.16)**|(20.35)**||||
|Cameroon<br>2.062|62.046|130.268|54.506|-3.875|6.623|12.481|
|(0.55)|(2.12)*|(3.59)**|(19.21)**|(1.07)|(0.11)|(0.43)|
|Cote D'ivoire<br>-0.564|16.359|27.394|10.345|1.324|8.457|40.722|
|(0.50)|(2.21)*|(2.81)**|(4.10)**|(0.24)|(0.28)|(1.73)|
|Ghana<br>0.219|-0.789|-3.560|28.613|-1.425|-17.821|107.983|
|(0.16)|(0.09)|(0.32)|(9.31)**|(0.69)|(0.21)|(2.00)*|
|Mozambique<br>-8.696|-3.431|58.691|15.746|-20.031|-56.429|-55.798|
|(2.87)**|(0.17)|(2.23)*|(5.39)**|(3.49)**|(0.50)|(1.22)|
|Nigeria<br>-8.954|-18.445|44.770|1.144|-26.579|-68.759|48.285|
|(2.57)*|(0.68)|(1.44)|(0.40)|(5.43)**|(2.33)*|(6.51)**|
|Kenya<br>14.537|101.042|124.624|88.335|13.619|47.617|-42.151|
|(5.62)**|(4.85)**|(4.40)**|(28.42)**|(1.53)|(0.72)|(1.43)|
|Tanzania<br>4.435|31.865|45.261|47.939|7.198|4.770|47.838|
|(3.28)**|(3.61)**|(3.72)**|(19.84)**|(1.85)|(0.07)|(0.66)|
|Uganda<br>8.644|57.365|72.225|92.044|12.300|75.407|-8.778|
|(5.02)**|(5.33)**|(5.14)**|(27.60)**|(1.26)|(1.11)|(0.23)|
|Zimbabwe<br>11.659|82.862|105.118|59.960|3.643|1.040|-15.542|
|(4.64)**|(4.06)**|(3.66)**|(27.06)**|(1.01)|(0.03)|(0.57)|
|Industry sector dummies<br>Yes|Yes|Yes|Yes||||
|<br>Year dummies<br>Yes|Yes|Yes|Yes|Yes|Yes|Yes|
|Constant<br>-152.851|-830.187|-711.731|-966.176|-126.293|-531.482|-15.504|
|(8.93)**|(7.71)**|(5.01)**|(25.29)**|(1.74)|(0.90)|(0.06)|
|Observations<br>39002|39002|39002|39002|11608|11608|11608|
|Hausman-Wu test statistic (F)<br>81.4||||17.1|||
|<br>Smith-Blundell exogeneity test statistic (F)<br> <br>|85.3|87.51|135.4||8.62|6.14|
|Sargan's test p-value<br>0.89||||0.29|||
|Cragg-Donald weak instrument test statisti20.67||||18.33|||

Instrumented: National supplier access, Local supplier access , Foreign market access , Log (employment), Log (age). Foreign owned Instruments: Country pop (lagged), Local GDP (1995), International distance, Openness to trade, rule of law, area, land locked, % pave Absolute value of z statistics in parentheses based on bootstrapped standard errors (with 50 replication per estimate) * significant at 5%; ** significant at 1% 30