VARIABLES

Chinn-Ito index

Chinn-Ito index

Chinn-Ito index

FDI flows

FDI flows

FDI flows

FINDEV1

0.588

1.964

(0.366)

(2.043)

FINDEV1 × TLIB

−0.159

−1.159

(0.360)

(1.970)

FINDEV2

0.564*

1.045

(0.338)

(1.535)

FINDEV2 × TLIB

−0.386

−0.534

(0.321)

(1.457)

FINDEV3

0.093

2.757***

(0.337)

(0.905)

FINDEV3 × TLIB

−0.165

−0.512

(0.312)

(0.825)

TLIB

0.414***

0.456***

0.493***

0.569

0.401

0.502**

(0.127)

(0.132)

(0.146)

(0.442)

(0.407)

(0.236)

Corrupt

0.269***

0.264***

−0.504***

0.462***

0.450***

−1.277***

(0.060)

(0.060)

(0.048)

(0.069)

(0.070)

(0.200)

Rule law

0.870***

0.906***

2.124***

0.249

0.346

2.317***

(0.113)

(0.110)

(0.178)

(0.213)

(0.218)

(0.425)

country, year fixed effects, gdp country, year fixed effects, gdp, interest rate, inflation

Observations

1933

1942

1147

1905

1914

1123

Adjusted R-squared

0.762

0.762

0.789

0.497

0.498

0.558