Determinants

Variable

Acronym

Units

Dependent Variable

Foreign Direct Investments

Actual Utilized FDI

LnFDI

RMB

Independent Variables

Economic Growth

GDP Growth

Indices

Labour Cost

Average Annual Wage

LnWAGE

RMB

Domestic Investments

Fixed Asset Investments

LnDINV

RMB

Agglomeration

Number of Foreign Funded Enterprises

LnAGGLO

Absolute Number

Innovation

Number of Patents Granted

LnPatents

Absolute Number