Explained variable

OFDI

Estimation method

LSDV

Models

Model 6

Model 7

CI

0.1021*

(0.0491)

0.5096***

(0.0869)

GDP

3.72e−6***

(1.20e−7)

5.82e−6***

(1.23e−6)

PGDP

1.71e−5

(1.10e−5)

2.61e−5**

(1.06e−5)

Distcap

−0.0011***

(0.0001)

−0.0010***

(0.0001)

Patent

−0.0002***

(3.01e−5)

−0.0001***

(1.60e−5)

Trade

3.98e−7***

(1.23e−7)

2.96e−7**

(1.10e−7)

Diplomacy

0.0314**

(0.0117)

0.0488***

(0.0126)

CI*PGDP

−1.04e−5*

(5.07e−6)

-

CI*Diplomacy

-

−0.0084***

(0.0019)

Cons

8.1986***

(0.8082)

7.3481***

(0.8457)

Time effect

Ö

Ö

R²

0.2684

0.2742

OBS

672

672