Table 3

Invenergy (investment in Energy)a FE model results

Response variable(1)(2)
Investment in energyInvestment in energy
Control of corruption−0.07 (0.06)
Government effectiveness−0.03 (0.04)
Political stability−0.01 (0.02)
Regulatory quality−0.06 (0.05)−0.04 (0.04)
Rule of law0.06 (0.06)0.01 (0.05)
Voice and accountability0.14*** (0.06)0.11*** (0.05)
Cons0.89** (0.04)0.93** (0.03)
Observation7878
R-squared0.110.14
F-stat (p-value)1.51 (0.19)2.56* (0.06)
Number of panels1313

Note(s):astandard error in parentheses; *p<10%; **p<5%; ***p<1%; FE Fixed Effects

Source(s): Output of STATA 16

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