Table 1 Variable description Variable... | Emerald Publishing

Table 1

Variable description

Variable	Definition and construction	Source
FDI inflow	Natural logarithm of FDI inflows into the country	UNCTAD
Greenfield	Natural logarithm of greenfield FDI in the host country	UNCTAD
Merger	Natural logarithm of cross-border M&A sales in the country	UNCTAD
Sanction	Equals 1 if there are any type of sanctions between country i and j, and 0, otherwise	Global Sanction Database
Unemployment_ratio	The share of the labor force that is without work but available for and seeking employment to gross domestic product	World Development Indicators database, World Bank (various years)
Bank_branch	The natural logarithm of the number of resident commercial banks and other resident banks that function as commercial banks per 100,000 adults	World Development Indicators database, World Bank (various years)
Openness	The ratio of (total exports + total imports) to GDP	World Development Indicators database, World Bank (various years)
Government_size	The ratio of government consumption to GDP	World Development Indicators database, World Bank (various years)
Population_density	Calculated as mid-year population divided by land area in square kilometers	World Development Indicators database, World Bank (various years)

Variable	Definition and construction	Source
FDI inflow	Natural logarithm of FDI inflows into the country	UNCTAD
Greenfield	Natural logarithm of greenfield FDI in the host country	UNCTAD
Merger	Natural logarithm of cross-border M&A sales in the country	UNCTAD
Sanction	Equals 1 if there are any type of sanctions between country i and j, and 0, otherwise	Global Sanction Database
Unemployment_ratio	The share of the labor force that is without work but available for and seeking employment to gross domestic product	World Development Indicators database, World Bank (various years)
Bank_branch	The natural logarithm of the number of resident commercial banks and other resident banks that function as commercial banks per 100,000 adults	World Development Indicators database, World Bank (various years)
Openness	The ratio of (total exports + total imports) to GDP	World Development Indicators database, World Bank (various years)
Government_size	The ratio of government consumption to GDP	World Development Indicators database, World Bank (various years)
Population_density	Calculated as mid-year population divided by land area in square kilometers	World Development Indicators database, World Bank (various years)