Table I.

Indicators, variables and methods

IndicatorsVariablesMethod
Worldwide Governance Indicators – WGIVA, PSV, GE, RQ, RL and CCTOPSIS
Worldwide Development Indicators – WDIGDP growth, Merchandise Trade (% of GDP), R&D Expenditure, High-technology Exports (% of manufactured exports)TOPSIS
Worldwide Development Indicators – WDIFDI-net inflows, GDP at market prices, GDP per capitaDescriptive statistics
Worldwide Development Indicators – WDIDependent variable: FDI Intensive (FDI/GDP)
Independent variables: VA; PSV, GE, RQ, RL and CC
Panel data
Source: World Bank (2015) 

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