Table 3 Results on various estimates
From: Does distance matter in foreign direct investment sub-national location choice? Evidence from China
Y: ln(FDIijt + 1) | OLS (Pooled) | OLS (Random effect) | Tobit | Heckman | PPML |
|---|---|---|---|---|---|
lnDISTijt | −3.032*** (− 28.64) | −3.027*** (− 11.26) | −3.776*** (− 10.28) | −3.039*** (− 29.23) | −3.057*** (− 28.98) |
CULTij | 1.387*** (5.23) | 2.282* (2.35) | 2.480 (1.88) | 1.799*** (6.53) | 1.611*** (5.83) |
SIMIijt–1 | −4.159*** (− 5.91) | −6.635*** (− 6.08) | −9.202*** (− 6.03) | −4.944*** (− 7.53) | −5.250*** (− 7.71) |
lnPOPit–1 | 0.549*** (8.52) | 0.313* (2.43) | 0.381* (2.16) | 0.126** (7.77) | 0.476*** (7.63) |
lnPOPjt–1 | 2.519*** (17.02) | 2.267*** (8.19) | 3.074*** (8.03) | 2.383*** (17.56) | 2.246*** (15.45) |
lnGDP_pcit–1 | 1.788*** (15.84) | 1.337*** (5.91) | 1.631*** (5.23) | 1.694*** (15.34) | 1.681*** (15.19) |
lnGDP_pcjt–1 | 3.606*** (17.87) | 1.792*** (9.66) | 2.379*** (9.25) | 2.846*** (21.29) | 2.452*** (14.37) |
RDit–1 | 3.386*** (6.77) | 4.084*** (3.84) | 5.116*** (3.51) | 3.631*** (7.29) | 3.724*** (7.46) |
BAjt–1 | 0.292 (1.30) | 0.157 (0.66) | 0.180 (0.54) | 0.434*** (4.46) | 0.793*** (3.65) |
Constant | −46.22*** (−14.22) | −18.84*** (− 4.86) | −29.56*** (−5.54) | −35.54*** (−16.55) | −30.35*** (−11.46) |
Observation | 4351 | 4351 | 4351 | 4351 | 4351 |