Table 5

The heterogeneous FDI and RCA effects by industry in Cambodia, 1994–2017

VariablesDependent variable: output growth by industry
(5.1)(5.2)(5.3)(5.4)
ln(FDI)0.329***0.354***0.315***0.218***
(0.063)(0.107)(0.093)(0.040)
ln(RCA) 0.505***0.509***0.231***
 (0.165)(0.115)(0.063)
ln(gov't_spending)1.999***0.7902.509*1.829***
(0.307)(0.719)(1.404)(0.414)
Openness0.029***0.023**0.0290.029***
(0.002)(0.010)(0.020)(0.006)
Inflation−0.010−0.0050.001−0.015*
(0.007)(0.013)(0.028)(0.008)
ln(FDI) × ln(RCA)  0.084*** 
  (0.023) 
ln(FDI) × ln(RCA)_industry1   0.194***
   (0.012)
ln(FDI) × ln(RCA)_industry4   0.119***
   (0.012)
ln(FDI) × ln(RCA)_industry5   0.095***
   (0.020)
ln(FDI) × ln(RCA)_industry7   −0.015
   (0.017)
ln(FDI) × ln(RCA)_industry8   0.021*
   (0.012)
ln(FDI) × ln(RCA)_industry9   0.028**
   (0.014)
ln(FDI) × ln(RCA)_industry11   −0.003
   (0.013)
Constant0.8651.8730.2191.997
(1.022)(1.918)(4.219)(1.239)
Observations296136134134
R-squared0.2900.3950.5170.905
Time_FEYesYesYesYes
Industry_FEYesYesYesYes

Note(s): Robust standard errors in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors' computation

[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close subscription notice
Close access options