Variables | Institution Measure | ||
None | Political | Economic | |
Initial FDI | −0.18* (0.031) | −0.12* (0.042) | −0.11* (0.045) |
Capital Openness | 0.01 (0.217) | 0.03* (0.109) | 0.03* (0.192) |
Property rights | - | −0.04 (0.212) | −0.04 (0.401) |
Property rights change | - | −0.02* (0.013) | −0.02* (0.011) |
Trade Openness | - | 0.06* (0.023) | 0.07* (0.026) |
Political Regime Type | - | −0.07* (0.031) | −0.09* (0.035) |
Political Regime Change | - | −0.01* (0.014) | −0.03* (0.008) |
Inflation | 0.13 (0.121) | 0.18* (0.029) | 0.18** (0.087) |
Energy Rents | 0.14 (0.434) | 0.15 (0.121) | 0.15 (0.337) |
Intercept | 0.61 (0.434) | 0.66 (0.458) | 0.57 (0.351) |
Adjusted R2 | 0.867 | 0.865 | 0.802 |
Restriction p-value | 0.924 | 0.821 | 0.833 |
Observations | 44 | 44 | 44 |