Skip to main content

Table 7 Fixed effects model result of panel regression analysis

From: Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries

Dependent Variable: NETFDI
Explanatory Variables Pooled time-series cross sectional analysis Fixed effects model
BRICS only Mint only BRICS and MINT combined  
Coef. Prob. Coef. Prob. Coef. Prob. Coef. Prob.
C −44.134 0.000 −12.478 0.081 −47.136 0.000 −44.140 0.000
GDP 0.063 0.000 0.027 0.000 0.056 0.000 0.056 0.000
NRESGDP 0.150 0.666 −0.388 0.122 −0.132 0.519 −0.200 0.381
INFRASTRUCTURE 0.222 0.000 0.014 0.708 0.134 0.003 0.156 0.042
INFLATION 1.197 0.091 −0.118 0.225 0.389 0.075 0.302 0.198
TRADE −10.028 0.606 25.561 0.023 39.164 0.005 31.942 0.032
INSTINDEX 11.903 0.000 −0.319 0.849 −1.131 0.506 −2.282 0.245
Adjusted R2 0.944 0.779 0.905 0.913
  1. Heteroscedasticity and autocorrelation consistent standard errors are used in the estimations (see Rjoub et al. 2017b). Morever, the Hausman test is used to determine the relevance of the fixed effects model