FDI

Primary

sector

Second

sector

Services

Initial FDI

0.155

(0.254)

0.112

(0.115)

0.132

(0.163)

0.233

(0.109)

Capital Openness

0.376

(0.061)

−0.077

(0.111)

0.009

(0.233)

0.171

(0.241)

Property rights

0.365

(0.255)

0.5372

(0.238)

0.118

(0.437)

0.199

(0.401)

Property rights change

0.299

(0.051)

−1.443

(0.554)

1.403

0.332)

−0.035

(0.637)

Trade Openness

−0.093

(0.498)

−1.113

(0.009)

−1.221

(1.823)

−1.042

(0.813)

Change in trade openness

−0.033

(0.022)

−0.099

(0.069)

−0.784

(0. 213)

−1.412

(0.562)

Political Regime Type

−0.012

(0.012)

−0.265

(0.152)

−1.224

(1.215)

0.266

(1.213)

Political Regime Change

−0.025

(0.027)

0.023

(0.101)

0.094

(0.127)

−0.009

(0.15)

Inflation

−0.068

(0.062)

−0.165

(0.032)

0.341

(0.209)

−0.288

(0.133)

Energy Rents

0.058

(0.027)

0.217

(0.057)

−0.011

(0.145)

0.031

(0.521)

Regime Type

0.911

(1.126)

−0.778

(1.371)

9.033

(2.098)

6.477

(6.155)

Time Dummies

Yes

Yes

Yes

Yes

N

423

411

417

419

n

44

41

42

43

N/n

9.6

10.0

9.9

9.7

Number of Instruments

39

39

39

39

Hansen Test

0.133

0.158

0.548

0.636