Dear Joost,
Just would like to add small thing to Mr Joao's excellent advice.
ppml_panel_sg does not allow only importer and exporter fixed effects in the model. The smallest fixed effects it can do is importer-time and exporter-time. This will drop all of your time-variant variables, including output.
But you can use another command written for the same purpose, poi2hdfe, as mentioned in the Log of Gravity webpage. Type ssc install poi2hdfe.
Best,
Dias
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