Variable description
| Dimensions | Literature support | Symbol | Variable definition |
|---|---|---|---|
| Foreign direct investment, inward | Dependent variable | FDII | Net inflows |
| Environmental | Shahbaz et al. (2018), Shao (2018), Demena and Afesorgbor (2020) | CO2 | Adjusted savings: carbon dioxide damage |
| PED | Adjusted savings: particulate emission damage | ||
| Trade | Cassou (1997), Mitze et al. (2010), Varamini and Kalash (2010) | EGS | Exports of goods and services |
| IGS | Imports of goods and services | ||
| EBGS | External balance on goods and services | ||
| Tax | Taxes less subsidies on products | ||
| Economic growth | Almfraji and Almsafir (2014) | GDP | Gross domestic product |
| Financial accumulation | Faeth (2006), Kalotay (2010), Adhikary (2011) | GFCF | Gross fixed capital formation |
| GNE | Gross national expenditure | ||
| CFC | Consumption of fixed capital | ||
| FCE | Final consumption expenditure | ||
| GCF | Gross capital formation | ||
| Gross value added | Domesová (2011), Alvarado et al. (2017), Adarov and Stehrer (2019) | GVAM | Manufacturing, value added |
| AGVA | Agriculture, forestry and fishing, value-added | ||
| GVABP | Gross value added (GVA) at basic prices | ||
| GVAC | Industry (including construction), value-added | ||
| National account financial stability | Albulescu et al. (2010), Abu and Karim (2016), Mahmood et al. (2018) | TR | Total reserves (includes gold) |
| GDS | Gross domestic savings | ||
| CI | Changes and stock of inventories held by firms |
| Dimensions | Literature support | Symbol | Variable definition |
|---|---|---|---|
| Foreign direct investment, inward | Dependent variable | FDII | Net inflows |
| Environmental | CO2 | Adjusted savings: carbon dioxide damage | |
| PED | Adjusted savings: particulate emission damage | ||
| Trade | EGS | Exports of goods and services | |
| IGS | Imports of goods and services | ||
| EBGS | External balance on goods and services | ||
| Tax | Taxes less subsidies on products | ||
| Economic growth | GDP | Gross domestic product | |
| Financial accumulation | GFCF | Gross fixed capital formation | |
| GNE | Gross national expenditure | ||
| CFC | Consumption of fixed capital | ||
| FCE | Final consumption expenditure | ||
| GCF | Gross capital formation | ||
| Gross value added | GVAM | Manufacturing, value added | |
| AGVA | Agriculture, forestry and fishing, value-added | ||
| GVABP | Gross value added (GVA) at basic prices | ||
| GVAC | Industry (including construction), value-added | ||
| National account financial stability | TR | Total reserves (includes gold) | |
| GDS | Gross domestic savings | ||
| CI | Changes and stock of inventories held by firms |
Note(s): All variables in current US$/million, data source: WDI
Source(s): Own elaboration
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