Explained variable

OFDI

Estimation method

LSDV

Models

Model 4

(emerging markets and developing countries)

Model 5

(developed countries)

CI

0.1878**

(0.0762)

0.0460

(0.3553)

GDP

5.13e−6***

(1.55e−6)

1.20e−5

(1.26e−5)

PGDP

1.05e−5

(1.19e−5)

0.0002

(0.0001)

Distcap

−0.0009***

(0.0002)

−0.0012

(0.0008)

Patent

−0.0003**

(0.0001)

−0.0001

(0.0002)

Trade

3.55e−7**

(1.30e−7)

9.30e−9**

(5.21e−7)

Diplomacy

0.0255*

(0.0117)

0.0761

(0.0507)

Cons

7.8034***

(1.1346)

4.4001

(4.1257)

Time effact

Ö

Ö

R2

0.2395

0.6689

OBS

576

96