FEMid FEMt FEMtwoway
* p < 0.1, ** p < 0.05, *** p < 0.01
FDI 0.048*** 0.035** 0.043***
3.825 2.282 2.911
FDIsq 0.000 0.000 0.000
-0.456 0.749 0.605
Education 0.000 0.000*** 0.000
-0.746 4.187 1.622
Trade -0.009*** -0.003* -0.004**
-6.472 -1.674 -2.363
Inflation 0.000 0.000 0.000
0.107 -0.216 -0.027
Population 0.000 0.000** 0.000
-0.008 -2.321 -0.521
Institution -0.001 0.003*** 0.002***
-1.312 5.974 3.642
FDI_Institutions -0.001*** -0.001*** -0.001***
-3.316 -3.176 -3.855
Num.Obs. 421 421 421
R2 0.177 0.148 0.132
R2 Adj. 0.148 -0.022 -0.060
AIC -1575.7 -1903.7 -1979.3
BIC -1539.4 -1867.3 -1942.9
RMSE 0.04 0.02 0.02