Table 4 OFDI position of India.

From: Determinants influencing the flow of FDI in India: an empirical insight using panel data

Dynamic panel data estimation, one-step system GMM

Wald test (prob)

0

FDI inward

Coef.

P > |z|

Ownership

 GFCF

−2.378

0.295

 GDPPC

4.292

0.002***

 Patent

−1.677

0***

 ICT

0.326

0.457

 R&D

6.851

0***

Location

 GDP

1.726

0.003***

 Infra

−1.553

0.076*

 Trade

3.167

0.091*

 NR

0.49

0.27

 HC

0.535

0.674

 Inflation

−0.546

0.158

 Language

10.486

0***

 Distance

−6.883

0.002***

Internalization

 ER

2.466

0.015**

 FTA

−7.129

0.02**

 AR(1) (P-Value)

0.055

 AR(2) (P-Value)

0.19

 Hansen test (P-Value)

1

  1. ***Statistical significance at 1% level; **statistical significance at 5% level; *statistical significance at 10% level. Hypothesis: H2a, H2b, and H2c is accepted.
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