OLS

FE

RE

FE

RE

Variables

FDI

FDI

FDI

FDI

FDI

Freedom from corruption

−4.593^***

2.411

−1.349

2.431

−1.030

(1.086)

(2.335)

(1.327)

(2.430)

(1.491)

Property rights

−3.590^***

−2.450^*

−3.494^**

−2.437^*

−4.093^**

(1.006)

(1.247)

(1.501)

(1.239)

(1.792)

Invest freedom

−0.0287

0.784

0.535

1.027

0.602

(0.950)

(0.698)

(0.742)

(0.731)

(0.794)

GDP total

0.820^***

0.497^***

0.621^***

0.500^***

0.656^***

(0.0487)

(0.0518)

(0.0802)

(0.0475)

(0.0906)

Inflation

0.000875

0.00282

0.00562

−0.00849

0.00164

(0.0117)

(0.0103)

(0.00596)

(0.0131)

(0.00711)

Interest

−0.360

−0.107

−0.317*

0.0255

−0.179

(0.490)

(0.295)

(0.190)

(0.319)

(0.226)

Exchange

0.00335

−0.00190

−0.00480

0.0180

−0.00117

(0.0105)

(0.0249)

(0.0109)

(0.0274)

(0.0111)

d2000

2.990

36.81

(28.38)

(23.69)

d2001

80.84

112.8

(50.95)

(76.64)

d2002

41.03^*

71.71^***

(23.73)

(26.73)

d2003

58.38^**

84.72^*

(26.67)

(45.33)

d2004

25.18

43.64^**

(28.73)

(20.26)

d2005

52.23^*

56.57^*

(29.58)

(32.36)

d2006

22.08

29.01

(33.79)

(31.88)

d2007

74.07^**

70.63^**

(30.41)

(31.66)

d2008

72.48^**

71.37^**

(31.22)

(28.90)

d2009

31.99^*

33.54^*

(17.87)

(17.72)

d2010

230.3^***

9.033

150.8^**

−58.77

94.56

(41.79)

(51.26)

(75.76)

(75.72)

(67.49)

Observations

233

233

233

233

233

R-squared

0.580

0.220

0.203

0.262

0.240

Number of id

27

27

27

27