Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

−1.126811

0.073423

−15.34687

0.0000

_CHINA--FDI_CHINA

5.154017

0.778199

6.623003

0.0000*

_RUSSIA-- FDI _RUSSIA

0.172275

0.213399

0.807292

0.0248**

_BRAZIL--FDI _BRAZIL

0.522516

0.285505

1.830146

0.0755***

_CHINA--FDI2_CHINA

−4.949997

0.798281

−6.200816

0.0000*

_RUSSIA--FDI2_RUSSIA

−0.054511

0.099079

0.550180

0.0856***

_BRAZIL--FDI2_BRAZIL

−0.740766

0.275571

2.688115

0.0108**

Fixed Effects (Cross)

_CHINA--C

−0.907642

_RUSSIA--C

0.340994

_BRAZIL--C

0.566648

R-squared

0.9513

Adjusted R-squared

0.9405