| Logarithm of FDI |
| −0.0304 |
|
|
|
| (0.0243) |
|
| Inflation |
| 0.00427 |
|
|
|
| (0.00582) |
|
| Lending interest rate |
| 0.0456** |
|
|
|
| (0.0179) |
|
| LD.Logarithm of total employment |
|
| 0.336*** |
|
|
|
| (0.119) |
| D.Logarithm of GDP |
|
| 0.0061** |
|
|
|
| (0.00292) |
| D.Population growth |
|
| 0.213 |
|
|
|
| (0.141) |
| LD.Population growth |
|
| −0.238* |
|
|
|
| (0.141) |
| D.Logarithm of domestic credit |
|
| −0.0182 |
|
|
|
| (0.0110) |
| LD.Logarithm of domestic credit |
|
| 0.00118 |
|
|
|
| (0.0116) |
| L2D.Logarithm of domestic credit |
|
| −0.00482 |
|
|
|
| (0.0116) |
| L3D.Logarithm of domestic credit |
|
| −0.0144 |
|
|
|
| (0.0107) |
| D.Inflation |
|
| 0.000268 |
|
|
|
| (0.000208) |
| LD.Inflation |
|
| −0.000167 |
|
|
|
| (0.000229) |
| L2D.Inflation |
|
| −0.000154 |
|
|
|
| (0.000240) |
| L3D.Inflation |
|
| −0.000199 |
|
|
|
| (0.000250) |
| D.Lending interest rate |
|
| −0.00501*** |
|
|
|
| (0.00106) |
| Cons |
|
| 0.492*** |
|
|
|
| (0.124) |
| Sample: 2001q2-2018q4 |
|
|
|
| Observations | 68 | 68 | 68 |
| R-squared | 0.854 | 0.854 | 0.854 |