Comparison of the model for China's outward FDI stock and China's outward FDI flow
| Model | China's outward FDI Stock | China's outward FDI flow | ||||
|---|---|---|---|---|---|---|
| AICc | R2 | R2 adjusted | AICc | R2 | R2 adjusted | |
| OLS | 33550.7 | 0.317948 | – | 27908.4 | 0.354483 | – |
| TWR fixed kernel | 33507 | 0.310474 | 0.303331 | 27857.7 | 0.342794 | 0.335986 |
| TWR adaptive kernel | 33470.1 | 0.36545 | 0.358876 | 27825.9 | 0.392955 | 0.386666 |
| GWR fixed kernel (Full) | 32845.6 | 0.601046 | 0.596913 | 27131.2 | 0.636209 | 0.636209 |
| GWR adaptive kernel (Full) | 32747.3 | 0.694032 | 0.690863 | 26955.8 | 0.73532 | 0.732578 |
| GWR fixed kernel (Reduced) | 33594.7 | 0.31651 | 0.311332 | 27452.9 | 0.595406 | 0.59206 |
| GWR adaptive kernel (Reduced) | 33537.6 | 0.414157 | 0.409719 | 27471.5 | 0.532037 | 0.528167 |
| GTWR fixed kernel (Full) | 32531.9 | 0.705093 | 0.702038 | 26920.9 | 0.707191 | 0.704158 |
| GTWR adaptive kernel (Full) | 32562.6 | 0.741374 | 0.738695 | 27314.5 | 0.60094 | 0.596806 |
| GTWR fixed kernel (Reduced) | 33614.1 | 0.349166 | 0.344236 | 27386.5 | 0.582451 | 0.578998 |
| GTWR adaptive kernel (Reduced) | 33656.4 | 0.364426 | 0.359611 | 27364.6 | 0.645087 | 0.642152 |
| Model | China's outward FDI Stock | China's outward FDI flow | ||||
|---|---|---|---|---|---|---|
| AICc | AICc | |||||
| OLS | 33550.7 | 0.317948 | – | 27908.4 | 0.354483 | – |
| TWR fixed kernel | 33507 | 0.310474 | 0.303331 | 27857.7 | 0.342794 | 0.335986 |
| TWR adaptive kernel | 33470.1 | 0.36545 | 0.358876 | 27825.9 | 0.392955 | 0.386666 |
| GWR fixed kernel (Full) | 32845.6 | 0.601046 | 0.596913 | 27131.2 | 0.636209 | 0.636209 |
| GWR adaptive kernel (Full) | 32747.3 | 0.694032 | 0.690863 | 26955.8 | 0.73532 | 0.732578 |
| GWR fixed kernel (Reduced) | 33594.7 | 0.31651 | 0.311332 | 27452.9 | 0.595406 | 0.59206 |
| GWR adaptive kernel (Reduced) | 33537.6 | 0.414157 | 0.409719 | 27471.5 | 0.532037 | 0.528167 |
| GTWR fixed kernel (Full) | 32531.9 | 0.705093 | 0.702038 | 26920.9 | 0.707191 | 0.704158 |
| GTWR adaptive kernel (Full) | 32562.6 | 0.741374 | 0.738695 | 27314.5 | 0.60094 | 0.596806 |
| GTWR fixed kernel (Reduced) | 33614.1 | 0.349166 | 0.344236 | 27386.5 | 0.582451 | 0.578998 |
| GTWR adaptive kernel (Reduced) | 33656.4 | 0.364426 | 0.359611 | 27364.6 | 0.645087 | 0.642152 |
Source(s): Authors' own work
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