Variable

Indicator

Mean

Std.

Min.

Max.

Obs

dependent variables

lnfdi

OFDI total scale

7.26

1.102

4.61

9.56

238

lnifdi

intensive margin

6.20

0.715

4.61

8.58

238

exfdi1

extended margin (industries)

2.54

1.400

1

7

238

exfdi2

extended margin (enterprises)

3.63

2.514

1

14

238

independent variables

cor

corruption

6.62

1.489

0.7

9.8

238

coc²

Squared corruption

46.09

16.000

0.49

96.04

238

control variables

lnmar

market size

25.70

1.466

22.69

28.60

238

lnlab

labor cost

8.12

1.242

5.81

10.92

238

ggdp

economic potential

0.05

0.032

-0.07

0.15

238

open

trade openness

0.73

0.544

0.18

2.81

238

res

resource endowment

12.76

13.262

0.00

60.12

238