Variable names | Label of variable | Source of data |
pib_hab | Gross domestic product per capita in purchasing power parity PPP at constant price base 2010 | World Development Indicators (WDI) |
ide | Inward foreign direct investment, expressed in millions of dollars | UNCTADSTAT |
fbcf | Gross fixed capital formation, expressed as a percent of GDP, used as a proxy for physical capital. | WDI |
ouv_com | Degree of trade openness of the economy (the sum of the volume of exports and imports of goods and services) as a% of real GDP. | WDI |
con_pub | Government final consumption expenditure in percent of GDP | WDI |
Pop_urb | Urban population, in % of total population | WDI |
yrs_sch | Human capital index, based on the average years of schooling | Penn world Table (PWT) |
IDE*yrs_sch | interaction term between investment between human capital and FDI | WDI and PWT |