Summary of the parameter estimates of GTWR with fixed kernel for China's outward FDI stock and FDI flow
| Variable | China's outward FDI Stock as dependent variable | China's outward FDI flow as dependent variable | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mean coefficient | Mean coefficient | |||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
| Intercept | −315.27 | −415.44 | −491.85 | −544.51 | −573.82 | −492.44 | −52.29 | −76.55 | −93.05 | −102.42 | −110.23 | −109.32 |
| SIZE | −0.09 | −0.08 | −0.08 | −0.09 | −0.10 | −0.12 | −0.01 | −0.01 | −0.01 | −0.01 | −0.02 | −0.02 |
| CUST | 324.16 | 283.87 | 320.19 | 454.54 | 684.78 | 998.70 | 58.10 | 51.87 | 56.38 | 73.81 | 102.42 | 141.12 |
| INFR | 3322.83 | 21723.79 | 36383.87 | 50608.91 | 62208.00 | 54897.13 | −274.49 | 3542.42 | 6182.31 | 8228.75 | 9511.96 | 8154.39 |
| ITRN | −10730.50 | 4570.65 | 14110.53 | 20195.59 | 21878.17 | 6891.75 | −2616.44 | 585.33 | 2422.61 | 3319.42 | 3269.33 | 927.15 |
| LOGS | −857.76 | 21163.37 | 35318.36 | 46888.27 | 55724.27 | 44685.38 | −1431.50 | 3208.30 | 5926.13 | 7554.31 | 8199.33 | 5966.63 |
| OVRL | −8238.21 | 14193.27 | 28255.54 | 37092.87 | 40005.17 | 22879.63 | −2432.81 | 2077.25 | 4702.40 | 6024.24 | 6109.94 | 3445.74 |
| TIME | 25829.94 | −90401.40 | −170524.00 | −234875.00 | −276880.00 | −207378.00 | 10039.08 | −13924.20 | −28775.00 | −38028.50 | −41553.90 | −29372.20 |
| TRAC | −4110.96 | 15681.67 | 29129.83 | 39742.61 | 46690.47 | 35377.15 | −1658.68 | 2400.03 | 4877.84 | 6392.30 | 6955.98 | 4916.81 |
| BRI | −8296.24 | 9506.19 | 23255.22 | 35684.55 | 45020.78 | 36612.48 | −2125.59 | 1538.11 | 4017.26 | 5783.96 | 6700.48 | 5088.95 |
| GDP | 10357.99 | 11771.78 | 13395.27 | 15047.06 | 16833.92 | 19072.16 | 1739.28 | 1969.76 | 2236.31 | 2496.72 | 2760.51 | 3073.04 |
| LINSHIP | 2.11 | 2.39 | 2.85 | 3.47 | 4.27 | 5.19 | 0.35 | 0.39 | 0.45 | 0.52 | 0.61 | 0.72 |
| CONPORT | 4042.66 | 3315.45 | 2863.87 | 2563.64 | 2197.31 | 1378.36 | 555.94 | 428.01 | 352.26 | 315.30 | 283.28 | 204.50 |
| Variable | China's outward FDI Stock as dependent variable | China's outward FDI flow as dependent variable | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mean coefficient | Mean coefficient | |||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
| Intercept | −315.27 | −415.44 | −491.85 | −544.51 | −573.82 | −492.44 | −52.29 | −76.55 | −93.05 | −102.42 | −110.23 | −109.32 |
| SIZE | −0.09 | −0.08 | −0.08 | −0.09 | −0.10 | −0.12 | −0.01 | −0.01 | −0.01 | −0.01 | −0.02 | −0.02 |
| CUST | 324.16 | 283.87 | 320.19 | 454.54 | 684.78 | 998.70 | 58.10 | 51.87 | 56.38 | 73.81 | 102.42 | 141.12 |
| INFR | 3322.83 | 21723.79 | 36383.87 | 50608.91 | 62208.00 | 54897.13 | −274.49 | 3542.42 | 6182.31 | 8228.75 | 9511.96 | 8154.39 |
| ITRN | −10730.50 | 4570.65 | 14110.53 | 20195.59 | 21878.17 | 6891.75 | −2616.44 | 585.33 | 2422.61 | 3319.42 | 3269.33 | 927.15 |
| LOGS | −857.76 | 21163.37 | 35318.36 | 46888.27 | 55724.27 | 44685.38 | −1431.50 | 3208.30 | 5926.13 | 7554.31 | 8199.33 | 5966.63 |
| OVRL | −8238.21 | 14193.27 | 28255.54 | 37092.87 | 40005.17 | 22879.63 | −2432.81 | 2077.25 | 4702.40 | 6024.24 | 6109.94 | 3445.74 |
| TIME | 25829.94 | −90401.40 | −170524.00 | −234875.00 | −276880.00 | −207378.00 | 10039.08 | −13924.20 | −28775.00 | −38028.50 | −41553.90 | −29372.20 |
| TRAC | −4110.96 | 15681.67 | 29129.83 | 39742.61 | 46690.47 | 35377.15 | −1658.68 | 2400.03 | 4877.84 | 6392.30 | 6955.98 | 4916.81 |
| BRI | −8296.24 | 9506.19 | 23255.22 | 35684.55 | 45020.78 | 36612.48 | −2125.59 | 1538.11 | 4017.26 | 5783.96 | 6700.48 | 5088.95 |
| GDP | 10357.99 | 11771.78 | 13395.27 | 15047.06 | 16833.92 | 19072.16 | 1739.28 | 1969.76 | 2236.31 | 2496.72 | 2760.51 | 3073.04 |
| LINSHIP | 2.11 | 2.39 | 2.85 | 3.47 | 4.27 | 5.19 | 0.35 | 0.39 | 0.45 | 0.52 | 0.61 | 0.72 |
| CONPORT | 4042.66 | 3315.45 | 2863.87 | 2563.64 | 2197.31 | 1378.36 | 555.94 | 428.01 | 352.26 | 315.30 | 283.28 | 204.50 |
Source(s): Authors' own work
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