Summary of statistics for the ordinary least square with significant level of 0.01
| Variable | China's outward FDI Stock as dependent variable | China's outward FDI flow as dependent variable | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Coefficient | SE | t-value | p-value | VIC | Coefficient | SE | t-value | p-value | VIC | |
| Intercept | 1326.61 | 1461.15 | 0.91 | 0.36 | – | 94.34 | 435.45 | 0.22 | 0.83 | – |
| SIZE | 0.03 | 0.01 | 2.10 | 0.04 | 2.31 | 0.01 | 0.00 | 1.65 | 0.10 | 2.32 |
| DURS | 4.32 | 31.86 | 0.14 | 0.89 | 1.13 | 2.62 | 9.26 | 0.28 | 0.78 | 1.14 |
| CUST | −22687.55 | 10993.87 | −2.06 | 0.04 | >1000 | −4348.30 | 3359.29 | −1.29 | 0.20 | >1000 |
| INFR | −21165.74 | 9665.28 | −2.19 | 0.03 | >1000 | −4381.64 | 2943.54 | −1.49 | 0.14 | >1000 |
| ITRN | −27930.43 | 12780.11 | −2.19 | 0.03 | >1000 | −5625.72 | 3901.91 | −1.44 | 0.15 | >1000 |
| LOGS | −23923.29 | 10762.47 | −2.22 | 0.03 | >1000 | −4701.92 | 3286.98 | −1.43 | 0.15 | >1000 |
| TIME | −25763.69 | 11172.74 | −2.31 | 0.02 | >1000 | −4992.31 | 3408.13 | −1.46 | 0.14 | >1000 |
| TRAC | −24116.55 | 10543.62 | −2.29 | 0.02 | >1000 | −4898.38 | 3222.66 | −1.52 | 0.13 | >1000 |
| OPEN | 431.88 | 584.66 | 0.74 | 0.46 | 1.89 | 328.84 | 185.66 | 1.77 | 0.08 | 2.05 |
| AF | −0.08 | 0.12 | −0.65 | 0.52 | 11.82 | 0.01 | 0.03 | 0.24 | 0.81 | 11.76 |
| BRI | 659.16 | 372.49 | 1.77 | 0.08 | 1.10 | 157.55 | 113.54 | 1.39 | 0.17 | 1.12 |
| GDP | 0.00 | 0.00 | 3.19 | 0.00* | 4.63 | 0.00 | 0.00 | 1.91 | 0.05* | 11.23 |
| LINSHIP | −17.97 | 13.03 | −1.38 | 0.17 | 8.99 | −1.04 | 3.90 | −0.27 | 0.79 | 4.69 |
| CONTPORT | 0.00 | 0.00 | 3.78 | 0.00* | 10.97 | 0.00 | 0.00 | 1.92 | 0.05* | 9.07 |
| Variable | China's outward FDI Stock as dependent variable | China's outward FDI flow as dependent variable | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Coefficient | SE | VIC | Coefficient | SE | VIC | |||||
| Intercept | 1326.61 | 1461.15 | 0.91 | 0.36 | – | 94.34 | 435.45 | 0.22 | 0.83 | – |
| SIZE | 0.03 | 0.01 | 2.10 | 0.04 | 2.31 | 0.01 | 0.00 | 1.65 | 0.10 | 2.32 |
| DURS | 4.32 | 31.86 | 0.14 | 0.89 | 1.13 | 2.62 | 9.26 | 0.28 | 0.78 | 1.14 |
| CUST | −22687.55 | 10993.87 | −2.06 | 0.04 | >1000 | −4348.30 | 3359.29 | −1.29 | 0.20 | >1000 |
| INFR | −21165.74 | 9665.28 | −2.19 | 0.03 | >1000 | −4381.64 | 2943.54 | −1.49 | 0.14 | >1000 |
| ITRN | −27930.43 | 12780.11 | −2.19 | 0.03 | >1000 | −5625.72 | 3901.91 | −1.44 | 0.15 | >1000 |
| LOGS | −23923.29 | 10762.47 | −2.22 | 0.03 | >1000 | −4701.92 | 3286.98 | −1.43 | 0.15 | >1000 |
| TIME | −25763.69 | 11172.74 | −2.31 | 0.02 | >1000 | −4992.31 | 3408.13 | −1.46 | 0.14 | >1000 |
| TRAC | −24116.55 | 10543.62 | −2.29 | 0.02 | >1000 | −4898.38 | 3222.66 | −1.52 | 0.13 | >1000 |
| OPEN | 431.88 | 584.66 | 0.74 | 0.46 | 1.89 | 328.84 | 185.66 | 1.77 | 0.08 | 2.05 |
| AF | −0.08 | 0.12 | −0.65 | 0.52 | 11.82 | 0.01 | 0.03 | 0.24 | 0.81 | 11.76 |
| BRI | 659.16 | 372.49 | 1.77 | 0.08 | 1.10 | 157.55 | 113.54 | 1.39 | 0.17 | 1.12 |
| GDP | 0.00 | 0.00 | 3.19 | 0.00* | 4.63 | 0.00 | 0.00 | 1.91 | 0.05* | 11.23 |
| LINSHIP | −17.97 | 13.03 | −1.38 | 0.17 | 8.99 | −1.04 | 3.90 | −0.27 | 0.79 | 4.69 |
| CONTPORT | 0.00 | 0.00 | 3.78 | 0.00* | 10.97 | 0.00 | 0.00 | 1.92 | 0.05* | 9.07 |
Source(s): Authors' own work
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.