Table 2 Variables.
From: Determinants influencing the flow of FDI in India: an empirical insight using panel data
SL No | Abbrev-iations | Variables | Description | Dime-nsion | Source |
|---|---|---|---|---|---|
1 | IFDI | Inward FDI (Dependent variable) | Current prices in US$ (millions) | ij | UNCTAD |
2 | OFDI | Outward FDI (Dependent variable) | Current prices in US$ (millions) | ij | UNCTAD |
Ownership | |||||
3 | GFCF | Gross fixed capital formation | Gross fixed capital formation (% of GDP) | ij | WDI |
4 | GDPPC | Gross domestic product per capita | GDP per capita (current US$) | ij | WDI |
5 | Patent | Patent | Patent applications, residents | ij | WDI |
6 | ICT | Information and communication technology | ICT goods exports (% of total goods exports) | ij | WDI |
7 | R&D | Research and development | Research and development expenditure (% of GDP) | ij | WDI |
Location | |||||
8 | GDP | Gross Domestic Product | GDP (current US$) | ij | WDI |
9 | Infra | Infrastructure | Mobile cellular subscriptions (per 100 people) | ij | WDI |
10 | Trade | Trade (export and import) | Trade (% of GDP) | ij | WDI |
11 | NR | Natural resources | Total natural resources rents (% of GDP) | ij | WDI |
12 | HC | Human Capital | Labor force participation rate, total (% of total population ages 15–64) | ij | WDI |
13 | Inflation | Inflation | Inflation, consumer prices (annual %) | ij | WDI |
14 | Language | Language | If a common language exists between the countries, then 1 or else 0 | 0/1 | CEPII |
15 | Distance | Distance | Bilateral distances measured using city-level data | ij | CEPII |
Internalization | |||||
16 | ER | Exchange rate | Official exchange rate (Local Currency Unit per US$, period average) | ij | WDI |
17 | FTA | Free Trade Agreement | If an FTA exists between the countries, then 1 or else 0 | 0/1 | WTO |
