Table 6 OFDI 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 | −2.5 | 0*** |
GDPPC | 13.901 | 0*** |
Patent | −5.311 | 0.151 |
ICT | 0.08 | 0.01*** |
R&D | 4.756 | 0.055* |
Location | ||
GDP | −7.533 | 0.148 |
Infra | −1.23 | 0.858 |
Trade | 13.87 | 0.031** |
NR | 1.436 | 0.7 |
HC | 0.371 | 0.029** |
Inflation | −1.217 | 0*** |
Language | 19.093 | 0.143 |
Distance | −46.732 | 0*** |
Internalization | ||
ER | 7.885 | 0.017** |
AR(1) (P-Value) | 0.088 | |
AR(2) (P-Value) | 0.257 | |
Hansen test (P-Value) | 1 | |
