Robustness check of different combinations of types of sanction – greenfield investment
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Variables | Greenfield | |||||
| Arms | 0.132 | 0.150 | 0.203 | 0.121 | 0.138 | |
| (0.190) | (0.191) | (0.207) | (0.191) | (0.197) | ||
| Military | -0.162 | -0.170 | -0.165 | -0.089 | -0.146 | |
| (0.098) | (0.097) | (0.097) | (0.086) | (0.093) | ||
| Trade | -0.186 | -0.216 | -0.209 | -0.188 | -0.144 | |
| (0.107) | (0.107) | (0.108) | (0.101) | (0.095) | ||
| Financial | 0.206 | 0.228 | 0.173 | 0.207 | 0.218 | |
| (0.158) | (0.160) | (0.161) | (0.160) | (0.162) | ||
| Travel | -0.164 | -0.184 | -0.090 | -0.178 | ||
| (0.171) | (0.193) | (0.176) | (0.190) | |||
| Other | -0.022 | -0.038 | -0.003 | |||
| (0.173) | (0.170) | (0.171) | ||||
| Unemployment_ratio | -2.391** | -2.445** | -2.426** | -2.647** | -2.423** | -2.443** |
| (1.047) | (1.050) | (1.054) | (1.057) | (1.051) | (1.052) | |
| Bank_branch | -0.011 | -0.054 | -0.051 | 0.038 | -0.052 | -0.011 |
| (0.690) | (0.695) | (0.696) | (0.694) | (0.695) | (0.700) | |
| Openess | -0.243 | -0.231 | -0.229 | -0.247 | -0.230 | -0.225 |
| (0.220) | (0.219) | (0.219) | (0.221) | (0.220) | (0.219) | |
| Government_size | -4.641*** | -4.687*** | -4.531*** | -4.320** | -4.602*** | -4.297** |
| (1.704) | (1.705) | (1.722) | (1.737) | (1.725) | (1.724) | |
| Population_density | 0.044 | 0.045 | 0.045 | 0.044 | 0.044 | 0.037 |
| (0.028) | (0.028) | (0.028) | (0.028) | (0.028) | (0.028) | |
| Constant | 8.641*** | 8.618*** | 8.591*** | 8.513*** | 8.608*** | 8.527*** |
| (0.418) | (0.416) | (0.418) | (0.421) | (0.418) | (0.415) | |
| Observations | 1,399 | 1,399 | 1,399 | 1,399 | 1,399 | 1,399 |
| R-squared | 0.836 | 0.836 | 0.837 | 0.836 | 0.836 | 0.836 |
| Country FEs | YES | YES | YES | YES | YES | YES |
| Year FEs | YES | YES | YES | YES | YES | YES |
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Variables | Greenfield | |||||
| 0.132 | 0.150 | 0.203 | 0.121 | 0.138 | ||
| (0.190) | (0.191) | (0.207) | (0.191) | (0.197) | ||
| -0.162 | -0.170 | -0.165 | -0.089 | -0.146 | ||
| (0.098) | (0.097) | (0.097) | (0.086) | (0.093) | ||
| -0.186 | -0.216 | -0.209 | -0.188 | -0.144 | ||
| (0.107) | (0.107) | (0.108) | (0.101) | (0.095) | ||
| 0.206 | 0.228 | 0.173 | 0.207 | 0.218 | ||
| (0.158) | (0.160) | (0.161) | (0.160) | (0.162) | ||
| -0.164 | -0.184 | -0.090 | -0.178 | |||
| (0.171) | (0.193) | (0.176) | (0.190) | |||
| -0.022 | -0.038 | -0.003 | ||||
| (0.173) | (0.170) | (0.171) | ||||
| -2.391** | -2.445** | -2.426** | -2.647** | -2.423** | -2.443** | |
| (1.047) | (1.050) | (1.054) | (1.057) | (1.051) | (1.052) | |
| -0.011 | -0.054 | -0.051 | 0.038 | -0.052 | -0.011 | |
| (0.690) | (0.695) | (0.696) | (0.694) | (0.695) | (0.700) | |
| -0.243 | -0.231 | -0.229 | -0.247 | -0.230 | -0.225 | |
| (0.220) | (0.219) | (0.219) | (0.221) | (0.220) | (0.219) | |
| -4.641*** | -4.687*** | -4.531*** | -4.320** | -4.602*** | -4.297** | |
| (1.704) | (1.705) | (1.722) | (1.737) | (1.725) | (1.724) | |
| 0.044 | 0.045 | 0.045 | 0.044 | 0.044 | 0.037 | |
| (0.028) | (0.028) | (0.028) | (0.028) | (0.028) | (0.028) | |
| Constant | 8.641*** | 8.618*** | 8.591*** | 8.513*** | 8.608*** | 8.527*** |
| (0.418) | (0.416) | (0.418) | (0.421) | (0.418) | (0.415) | |
| Observations | 1,399 | 1,399 | 1,399 | 1,399 | 1,399 | 1,399 |
| 0.836 | 0.836 | 0.837 | 0.836 | 0.836 | 0.836 | |
| Country FEs | YES | YES | YES | YES | YES | YES |
| Year FEs | YES | YES | YES | YES | YES | YES |
Note(s): Robust standard errors in parentheses
***p < 0.01, **p < 0.05, *p < 0.1
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