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 |