Model (b) results: emerging market economies sample
| Variables | (13) | (14) | (15) | (16) |
|---|---|---|---|---|
| OFDI1 | OFDI2 | OFDI3 | OFDI4 | |
| CRA | −0.00245* | 0.000179 | −0.000312 | 0.000355 |
| CPI | 0.000932 | −0.00420 | 0.00236 | −0.000942 |
| GDP | −0.00164 | −0.0359*** | −0.0443*** | −0.0790*** |
| HDI | −0.271 | −0.517** | −0.0961 | −0.0265 |
| TRADE | −0.108 | −0.0870 | 0.0684 | −0.156 |
| U | 0.00108 | 0.00214 | −0.00300 | 0.000339 |
| EFI | −0.00238 | −0.00213 | 0.000819 | −0.00637 |
| Constant | −1.509 | −1.414** | 1.340* | 2.582 |
| Years | Yes | Yes | Yes | Yes |
| Countries | Yes | Yes | Yes | Yes |
| R-squared | 0.3327 | 0.2780 | 0.2201 | 0.2813 |
| N | 310 | 310 | 310 | 310 |
| Variables | (13) | (14) | (15) | (16) |
|---|---|---|---|---|
| OFDI1 | OFDI2 | OFDI3 | OFDI4 | |
| CRA | −0.00245 | 0.000179 | −0.000312 | 0.000355 |
| CPI | 0.000932 | −0.00420 | 0.00236 | −0.000942 |
| GDP | −0.00164 | −0.0359 | −0.0443 | −0.0790 |
| HDI | −0.271 | −0.517 | −0.0961 | −0.0265 |
| TRADE | −0.108 | −0.0870 | 0.0684 | −0.156 |
| U | 0.00108 | 0.00214 | −0.00300 | 0.000339 |
| EFI | −0.00238 | −0.00213 | 0.000819 | −0.00637 |
| Constant | −1.509 | −1.414 | 1.340 | 2.582 |
| Years | Yes | Yes | Yes | Yes |
| Countries | Yes | Yes | Yes | Yes |
| R-squared | 0.3327 | 0.2780 | 0.2201 | 0.2813 |
| 310 | 310 | 310 | 310 |
Notes:
*Significance of 10%; **significance of 5%; ***significance of 1%
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