Explained variable

OFDI

Estimation method

LSDV

Models

Model 1

Model 2

Model 3

CI

0.2963***

(0.0437)

0.1769**

(0.0685)

GDP

5.28e−6***

(7.74e−7)

3.98e−6***

(1.09e−6)

PGDP

2.11e−5*

(1.07e−5)

2.64e−5**

(1.05e−5)

Distcap

−0.0011***

(0.0001)

−0.0011***

(0.0001)

Patent

−9.01e−5***

(1.26e−5)

−0.0001***

(1.36e−5)

Trade

2.84e−7***

(8.61e−8)

3.48e−7***

(1.04e−7)

Diplomacy

0.0326**

(0.0112)

0.0317**

(0.0115)

Cons

4.1037***

(0.0250)

8.3625***

(0.7794)

8.0292***

(0.8420)

Time effect

Ö

Ö

Ö

R²

0.0798

0.2584

0.2650

OBS

672

672

672