model 5

model 6

FDI-Size

FDI-Eff

FDI-Size

FDI-Eff

SCORE

0.771***

0.594***

0.532***

0.449*

(0.057)

(0.046)

(0.066)

(0.066)

INV

0.443

0.005

(0.112)

(0.107)

INC

0.613

0.079

(0.133)

(0.119)

UER

−0.161**

−0.186***

(0.073)

(0.069)

Fixed effect

Yes

Yes

Yes

Yes

Observations

462

462

462

462

adjust R2

0.191

0.244

0.197

0.227