Variable

Observation number

Mean

Standard deviation

Maximum value

Minimum value

Success or failure of foreign direct investment (SUC)

2571

0.919

0.273

0

1

Institutional distance (Dist_insti)

2571

0.650

0.477

0

1

Positive institutional distance (Dist_instiP)

1614

1.293

0.862

0.000798

2.615

Negative institutional distance (Dist_instiN)

957

0.499

0.329

0.00814

1.658

International experience (EXP)

2571

0.884

0.321

0

1

The economy scale of host country (lngdp)

2552

26.430

2.198

19.222

30.460

Trade dependence (Trade)

2541

73.822

57.057

0.167

441.604

Natural resource endowment of host country (Raw)

2416

35.363

31.612

0.081

99.791

Infrastructure of host country (Referred to as Inter)

2560

44.957

30.796

0

97.494

Strategic resource endowment of host country (Tech)

2379

12.123

12.477

0.00003

68.900

Labor endowment of host country (Ruralp)

2569

37.381

23.831

0

139.79

Exchange rate of local currency (lnrate)

2571

2.827

3.071

-1.543

10.339

Sensitive industry (sector)

2571

0.503

0.500

0

1

Geographic distance (lndist)

2561

8.908

0.526

7.025

9.858