Model (a) results: full sample
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| FDI | FDI | FDI | FDI | |
| CRB | −35.850*** | −24.435* | −50.431*** | |
| D | −23.355*** | |||
| D1 (Climate risk of home country is higher) | 14.452 | |||
| D2 (Climate risk of host country is higher) | −28.821** | |||
| GDP | 2,558.842*** | 2,471.742*** | 2,110.729*** | 2,860.417*** |
| ADIST | −37.345*** | −36.311*** | −32.177*** | −39.020*** |
| GDIST | −0.512*** | −0.542*** | −0.390*** | −0.721*** |
| COME | 3,465.293*** | 3,312.801*** | 6,097.711*** | −138.919 |
| HDI | −8,968.910*** | −7,661.985*** | −2,835.167 | −13,566.836*** |
| EFI | 341.535*** | 339.673*** | 226.851*** | 487.067** |
| Constant | −71,607.641*** | −67,778.709*** | −57,288.799*** | −80,264.010*** |
| Wald test (χ2) | 1,427.41 | 1,446.82 | 757.46 | 753.90 |
| Observations | 14,586 | 14,586 | 7,371 | 7,215 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| FDI | FDI | FDI | FDI | |
| CRB | −35.850 | −24.435 | −50.431 | |
| D | −23.355 | |||
| D1 (Climate risk of home country is higher) | 14.452 | |||
| D2 (Climate risk of host country is higher) | −28.821 | |||
| GDP | 2,558.842 | 2,471.742 | 2,110.729 | 2,860.417 |
| ADIST | −37.345 | −36.311 | −32.177 | −39.020 |
| GDIST | −0.512 | −0.542 | −0.390 | −0.721 |
| COME | 3,465.293 | 3,312.801 | 6,097.711 | −138.919 |
| HDI | −8,968.910 | −7,661.985 | −2,835.167 | −13,566.836 |
| EFI | 341.535 | 339.673 | 226.851 | 487.067 |
| Constant | −71,607.641 | −67,778.709 | −57,288.799 | −80,264.010 |
| Wald test ( | 1,427.41 | 1,446.82 | 757.46 | 753.90 |
| Observations | 14,586 | 14,586 | 7,371 | 7,215 |
Notes:
*Significance of 10%; **significance of 5%; ***significance of 1%
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