FDI

0.612^***

0.221^*

−0.533^***

−0.271^*

0.119^***

0.0539^*

(5.12)

(2.13)

(−4.06)

(−2.40)

(4.87)

(2.56)

H × FDI

−0.0675^***

−0.0243^*

(−4.83)

(−2.00)

CH × FDI

0.652^***

0.325^*

(4.40)

(2.55)

DH × FDI

−0.652^***

−0.325^*

(−4.40)

(−2.55)

industry

0.0286^***

0.00349

0.0239^***

0.00130

0.0239^***

0.00130

(4.71)

(0.66)

(3.89)

(0.25)

(3.89)

(0.25)

capital

0.000965^***

0.000557^*

0.00107^***

0.000654^**

0.00107^***

0.000654^**

(3.88)

(2.58)

(4.10)

(2.93)

(4.10)

(2.93)

density

−0.00000906^***

−0.00000155

−0.00000749^***

−0.000000902

−0.00000749^***

−0.000000902

(−5.88)

(−1.16)

(−4.86)

(−0.68)

(−4.86)

(−0.68)

unemployment

0.0108

0.0226

0.00457

0.0181

0.00457

0.0181

(0.22)

(0.52)

(0.09)

(0.42)

(0.09)

(0.42)

energy

0.000999^***

0.000602^*

0.000897^**

0.000586^*

0.000897^**

0.000586^*

(3.54)

(2.46)

(3.19)

(2.43)

(3.19)

(2.43)

N

401

401

401

401

401

401

r2

0.471

0.304

0.465

0.309

0.465

0.309

r2_a

0.398

0.209

0.392

0.214

0.392

0.214

F

15.65

7.677

15.30

7.855

15.30

7.855