FMOLS Results of the various types of reforms on FDI
| Dependent variable: LNFDI | |||
|---|---|---|---|
| Variable | Competitive reforms (1) | Behavioral reforms (2) | Privatization reforms (3) |
| LNCI | 2.194** (0.881) | ||
| LNBI | 0.539 (1.004) | ||
| LNPI | 0.726* (0.412) | ||
| LNTO | 2.911*** (0.687) | 3.001*** (0.876) | 3.026*** (0.919862) |
| LNINFL | 0.684*** (0.222) | 0.223 (0.304) | 0.417 (0.330) |
| LNGDP | 0.825 (0.827) | 0.271 (1.149) | 1.976 (1.480) |
| LNEXC | −0.367* (0.189) | 0.081 (0.234) | 0.121 (0.234) |
| R2 | 0.920 | 0.905 | 0.911 |
| Adjusted R2 | 0.903 | 0.885 | 0.892 |
| Dependent variable: LNFDI | |||
|---|---|---|---|
| Variable | Competitive reforms | Behavioral reforms | Privatization reforms |
| LNCI | 2.194 | ||
| LNBI | 0.539 (1.004) | ||
| LNPI | 0.726 | ||
| LNTO | 2.911 | 3.001 | 3.026 |
| LNINFL | 0.684 | 0.223 (0.304) | 0.417 (0.330) |
| LNGDP | 0.825 (0.827) | 0.271 (1.149) | 1.976 (1.480) |
| LNEXC | −0.367 | 0.081 (0.234) | 0.121 (0.234) |
| 0.920 | 0.905 | 0.911 | |
| Adjusted | 0.903 | 0.885 | 0.892 |
Notes:
Bartlett kernel and Newey – West bandwidth were used to estimate the long-run covariance matrix; All variables included are natural logarithm. The figures in parentheses are standard errors; ***; **; * denote rejection of null hypothesis at 1%, 5% and 10% significance levels, respectively
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.