Table 5 IFDI position of India with EC.
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 | −1.532 | 0.511 |
GDPPC | 11.877 | 0*** |
Patent | −5.53 | 0*** |
ICT | −0.23 | 0.592 |
R&D | 4.278 | 0.057* |
Location | ||
GDP | −5.73 | 0.005*** |
Infra | −1.208 | 0.17 |
Trade | 13.053 | 0.001*** |
NR | 0.633 | 0.416 |
HC | 1.102 | 0.305 |
Inflation | −0.697 | 0.172 |
Language | 13.034 | 0.251 |
Distance | −43.76 | 0*** |
Internalization | ||
ER | 6.269 | 0.07* |
AR(1) (P-Value) | 0.085 | |
AR(2) (P-Value) | 0.336 | |
Hansen test (P-Value) | 1 | |
