(OLS)

(FE)

VARIABLES

di

di

lagdi

0.0401

0.134***

(0.103)

(0.0446)

lagtrade

0.945**

1.010**

(0.402)

(0.453)

lagtrade_square

−0.0194***

−0.0244***

(0.00578)

(0.00642)

lagtrade_cubic

7.70e-05***

0.000106***

(2.46e-05)

(2.66e-05)

lagfdi

−1.264**

−1.263***

(0.502)

(0.462)

Combined effect trade-FDI

0.0258***

0.0301***

(0.00669)

(0.00464)

Constant

0.868

2.515

(12.49)

(12.44)

Observations

513

494

R-squared

0.084

Number of country

19