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A peer-reviewed article of this preprint also exists.
This version is not peer-reviewed
Submitted:
26 August 2023
Posted:
29 August 2023
You are already at the latest version
variables | Full words | calculation |
FDI | Foreign direct investment | Represent the foreign direct investment after taking log, net inflow for country i at time t; |
MS | market size | represent the log of GDP in current US$ for the country i at time t, and it measures the domestic market size of any country |
TO | Trade Openness | represent the openness which is calculated on the basis of the sum of total imports and exports divided by GDP for country i at time t; |
INFRA | infrastructure | represent the electric power consumption (kWh per capita) for country i at time t; |
HC | Human Capital | represent the school enrolment, secondary (percent gross) for country i at time t. In this model. |
ECO | economy | represent the log of total amount of GDP in current US$ for the country i at time t, and it measures the economy of any country. |
YEAR | Q1 | Q2 | Q3 | Q4 | Mean |
2007 | -0.1025 | -0.1025 | -0.1025 | -0.1025 | -0.1025 |
2008 | 3.222 | 3.22 | 3.22 | 3.22 | 3.22 |
2009 | 2.115 | 2.115 | 2.115 | 2.115 | 2.115 |
2010 | 3.18 | 3.18 | 3.18 | 3.18 | 3.18 |
2011 | 2.4225 | 2.4225 | 2.4225 | 2.4225 | 2.4225 |
2012 | 1.225 | 1.225 | 1.225 | 1.225 | 1.225 |
2013 | -1.485 | -1.485 | -1.485 | -1.485 | -1.485 |
2014 | 3.735 | 3.735 | 3.735 | 3.735 | 3.735 |
2015 | 1.015 | 1.015 | 1.015 | 1.015 | 1.015 |
2016 | -2.2975 | -2.2975 | -2.2975 | -2.2975 | -2.2975 |
2017 | 2.47 | 2.47 | 2.47 | 2.47 | 2.47 |
2018 | 11.36 | 11.36 | 11.36 | 11.36 | 11.36 |
2019 | 4.2525 | 4.2525 | 4.2525 | 4.2525 | 4.2525 |
2020 | -1.6375 | -1.6375 | -1.6375 | -1.6375 | -1.6375 |
Variable | Obs | Mean | Std. Dev. | Min | Max |
FDI | 56 | 2.109821 | 3.380102 | -2.2975 | 11.355 |
MS | 56 | 1.669642 | 0.870133 | -0.85 | 2.8 |
TO | 56 | 11.27017 | 1.937827 | 8.9975 | 14.482 |
INFRA | 56 | 10.55 | 3.972707 | 4.525 | 16.375 |
HC | 56 | 8.940714 | 1.979764 | 5.11 | 11.6275 |
ECO | 56 | 1.936428 | 0.485068 | 1.0175 | 2.59 |
FDI_ch | 56 | 4.609822 | 3.380102 | 0.2025 | 13.855 |
Ms | 56 | 2.669642 | 0.870133 | 0.15 | 3.8 |
log_FDI | 56 | 0.637811 | 0.269528 | -0.05268 | 1.003 |
log_MS | 56 | 0.553521 | 0.200785 | -0.1277 | 0.6803 |
log_TO | 56 | 0.948764 | 0.042206 | 0.89581 | 1.0148 |
log_INFRA | 56 | 0.916764 | 0.104647 | 0.72397 | 1.04551 |
log_HC | 56 | 0.887445 | 0.063253 | 0.754373 | 0.95991 |
variables | Full words | Sources |
FDI | Foreign direct investment | National Statistics of China |
MS | market size | World bank |
TO | Trade Openness | National bank of Rwanda |
INFRA | infrastructure | World bank |
HC | Human Capital | UNCTAD, and The National Institute of Statistics of Rwanda. |
ECO | economy | World bank |
VARIABLES | VIF | 1/VIF |
HC | 2.88 | 0.0346679 |
TO | 2.58 | 0.387798 |
MS | 1.26 | 0.793883 |
MEAN VIF | 2.24 |
FDI | MS | TO | INFRA | HC | |
FDI | 1.0000 | ||||
MS | 0.4556 | 1.0000 | |||
TO | 0.2552 | -0.3326 | 1.0000 | ||
INFRA | 0.1296 | -0.4522 | 0.9659 | 1.0000 | |
HC | 0.0531* | -0.4527 | 0.7821 | 0.8827 | 1.0000 |
ECO | 0.1494 | -0.3989 | 0.9289 | 0.9795 | 0.9430 |
FDI_ch | 1.0000 | 0.4556 | 0.2552 | 0.1296 | 0.0531 |
Ms | 0.4556 | 1.0000 | -0.3326 | -0.4522 | -0.4527 |
log_FDI | 0.8318 | 0.4997 | -0.0522 | -0.1641 | -0.1331 |
log_MS | 0.3855 | 0.9323 | -0.3581 | -0.4533 | -0.4301 |
log_TO | 0.2341 | -0.3417 | 0.9983 | 0.9754 | 0.8040 |
log_INFRA | 0.1216 | -0.4231 | 0.9205 | 0.9848 | 0.9299 |
log_HC | 0.0641 | -0.4190 | 0.7474 | 0.8610 | 0.9942 |
log_FDI | log_MS | log_TO | log_IN~A | log_HC | |
FDI_ch | |||||
Ms | |||||
log_FDI | 1.0000 | ||||
log_MS | 0.4214 | 1.0000 | |||
log_TO | -0.0755 | -0.3600 | 1.0000 | ||
log_INFRA | -0.1586 | -0.3968 | 0.9373 | 1.0000 | |
log_HC | -0.1216 | -0.3768 | 0.7721 | 0.9233 |
FDI | Coef. | Std. Err. | t | P>t | [95% Conf. | Interval] | ||||||
MS | 1.797878 | 1.239556 | 1.45 | 0.181 | -1.006192 | 4.601948 | ||||||
TO | 2.747516 | 2.332759 | 1.18 | 0.269 | -2.529551 | 8.024583 | ||||||
INFRA | -1.259769 | 1.5198 | -0.83 | 0.429 | -4.697795- | 2.178258 | ||||||
HC | .5765298 | 1.132162 | 0.51 | 0.623 | -1.984598 | 3.137657 | ||||||
_cons | -94.88406 | 67.98301 | -1.40 | 0.196 | -248.6723 | 58.90419 | ||||||
Adj R-squared | ||||||||||||
Source | SS | df | MS | F (4, 9) | R-squared | Adj R-squared | Prob > F | |||||
Model | 1043.02989 | 4 | 260.757473 | 1.76 | 0.4389 | 0.1895 | 0.2209 | |||||
Residual | 1333.3906 | 9 | 148.154511 | |||||||||
Total | 2376.42049 | 13 | 182.801576 |
FDI | Coef. | RobustStd. err. | t | p>|t| | [95% Conf. | Interval] |
MS | 1.797878 | .9392832 | 1.91 | 0.088 | -.3269281 | 3.922684 |
TO | 2.747515 | 2.679685 | 1.03 | 0.332 | -3.314352 | 8.809383 |
INFRA | -1.259768 | 1.780035 | -0.71 | 0.497 | -5.286487 | 2.766951 |
HC | .5765295 | 1.308514 | 0.44 | 0.670 | -2.383535 | 3.536594 |
_CONS | -94.88406 | 86.04367 | -1.10 | 0.299 | -289.5284 | 99.76025 |
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