Variables

Description

Expected sign

Data Source

Dependent Variables

LFDI

Logarithm of Foreign Direct Investment in USD million

Indiastat (originally taken from Lok Sabha Starred Question# and Ministry of Commerce and Industry and RBI)

Independent Variables

LPGSDP

Logarithm of Per capita GSDP in USD (GSDP in USD million/population in million)

+

Planning Commission

PELEC

Installed Electricity capacity (MW) per GSDP

+

CMIE website, Energy statistics of India, indiastat

HDENSITY

Highway Density (Length of national highways in km/ Area)

-

Indiastat (originally data has been taken from Ministry of Road Transport and Highways and Rajya Sabha and Lok Sabha questions$)

URBANDENSITY

Urban Density [=(Urban people/Total populations) × 100/Area]

+

Census 2001 and 2011

NEARPORT

Dummy variable with value ‘1’ for coastal States and ‘0’ otherwise.

+

Centre for Coastal Zone Management and Coastal Shelter Belt

SEZpolicy

Dummy variable with value ‘1’ when state formulates SEZ policy and ‘0’ otherwise.

+

www.sezindia.nic.in

OPSEZ

Number of Operational SEZs

+

www.sezindia.nic.in