| Variables | Model 5 | Model 6 |
| FD | −0.0875** |
|
| FG | (−2.39) | −0.0601* |
| FX | (−1.89) |
|
| FJ | −0.1248*** |
|
| FIS | (−4.53) | − |
| FDI | 0.0764** |
|
| HMC | (2.74) | − |
| C | −0.1721*** |
|