FDI

FDI

FDI*RENT

FDI*RENT

Ln(TFPinit)

−0.93253

(−0.698)

−0.089802

(−0.171)

17.97145*

(1.765)

1.683306

(0.276)

RENT

−0.09574

(−1.598)

0.113740

(1.126)

1.122294**

(2.037)

4.622865**

(2.103)

Ln(TRADE)

2.48538***

(2.988)

2.908001***

(2.907)

17.32759**

(2.221)

20.80291*

(1.747)

Ln(CREDIT)

−1.16961**

(−2.267)

−1.336879**

(−2.247)

−8.383227

(−1.526)

−13.35797

(−1.361)

Ln(INFLATION)

−0.497567

(−1.374)

−0.565103

(−1.402)

0.983595

(0.365)

0.037923

(0.007)

POPGR

−130.644**

(−2.255)

−31.21034

(−1.365)

−399.5595

(−1.353)

−107.4232

(−0.389)

LANDLOCK

−0.665290

(−0.559)

−32.146***

(−3.178)

LANDLOCK*RENT

0.81017***

(6.534)

16.65108***

(6.978)

FDILAG

0.09532

(0.244)

−2.533505

(−0.830)

FDILAG*RENT

0.14305*

(1.992)

1.064964

(1.279)

EXR

0.04233

(0.841)

−0.580877*

(−1.804)

CONSTANT

2.89184

(0.439)

−3.067298

(−0.807)

−110.7236*

(−1.688)

−55.79534

(−0.992)

R²

0.65

0.26

0.91

0.36

R²-adjusted

0.56

0.19

0.89

0.30

Observations

59

71

59

71

R² partial

0.39

0.55