A Systems View Across Time and Space
Table 2 Fixed effect regression output
Dependent variable: inflow of foreign direct investment as percentage of GDP | ||||
|---|---|---|---|---|
Independent variables | Fixed-effects (within) regression | |||
Coef. | Robust Std. Err. | t | P >|t| | |
Cons | − 6.690876 | 1.795646 | − 3.73 | 0.000 |
Inflation | 0.0021649 | 0.0020005 | 1.08 | 0.281 |
Economic growth | 0.0024137 | 0.0175018 | 0.14 | 0.890 |
Infrastructure | 0.0522313 | 0.0159253 | 3.28 | 0.001 |
Trade openness | 0.0052198 | 0.0057275 | 0.91 | 0.364 |
Government effectiveness | 0.0193232 | 0.010888 | 1.77 | 0.078 |
Regulatory quality | 0.0121991 | 0.0074781 | 1.63 | 0.106 |
Political stability | 0.0049155 | 0.01078 | 0.46 | 0.649 |
External debt | − 0.0003498 | 0.0002128 | − 1.64 | 0.104 |
Human capital | 0.0211325 | 0.0072873 | 2.90 | 0.005 |
Financial development | 0.0027036 | 0.0066638 | 0.41 | 0.686 |
Control over corruption | 0.0547151 | 0.0259236 | 2.11 | 0.053 |
Number of obs = 182 F(13,154) = 17.48 Prob > F = 0.0000 R-squared = 0.7221 Adj R-squared = 0.6443 | ||||