VARIABLES

Chinn-Ito index

Chinn-Ito index

Chinn-Ito index

FDI flows

FDI flows

FDI flows

FINDEV1 × TLIB

2.786

1.30

(2.993)

(9.967)

FINDEV2 × TLIB

1.838

0.761

(1.902)

(2.933)

FINDEV3 × TLIB

-0.03

0.91

(9.590)

(18.185)

Controls: FINDEV1, TLIB, gdp, rule law, corrupt, interest rate, inflation

Observations

92

92

70

92

92

70

Adjusted R-squared

0.477

0.497

0.352

0.065

0.067

0.120

OIR test

0.408

1.811

2.204

0.605

5.135

1.931

Prob

0.816

0.771

0.138

0.43

0.1622

0.165