(1)

lnexport

(2)

labor

(3)

middle

(4)

micap

(5)

captech

llnofdi_s

0.113***

−0.004

0.108***

0.116***

0.118***

(0.026)

(0.010)

(0.018)

(0.021)

(0.023)

lnpgdp

0.113

−0.129

0.284

0.446

0.325

(0.377)

(0.145)

(0.405)

(0.376)

(0.363)

lngdp

1.929***

0.155

1.905***

1.761***

1.887***

(0.348)

(0.121)

(0.329)

(0.328)

(0.303)

fta

0.015

0.069***

0.278***

0.116**

−0.060

(0.058)

(0.019)

(0.045)

(0.049)

(0.053)

lntar

−0.304***

−0.013

−0.274***

−0.263***

−0.273***

(0.075)

(0.036)

(0.057)

(0.058)

(0.061)

lnrate

−0.057

0.022

−0.060

−0.074

−0.067

(0.084)

(0.018)

(0.060)

(0.084)

(0.085)

lnraw

0.107**

0.034*

0.121***

0.096**

0.076*

(0.042)

(0.019)

(0.035)

(0.037)

(0.042)

_cons

−13.286**

−3.242*

−13.335**

−10.054*

−12.552**

(5.363)

(1.886)

(5.440)

(5.319)

(4.936)

N

498

498

429

496

498

R2

0.757

0.024

0.781

0.785

0.759