Table 8 OFDI position of India with DC.

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

−0.812

0.786

 GDPPC

6.153

0.019**

 Patent

−1.335

0.025**

 ICT

1.409

0.068*

 R&D

8.182

0.005***

Location

 GDP

2.004

0.067*

 Infra

−2.345

0.087*

 Trade

6.052

0.027**

 NR

1.015

0.094*

 HC

12.61

0.398

 Inflation

−0.739

0.17

 Language

15.288

0***

 Distance

−9.898

0.019**

Internalization

 ER

4.426

0.046**

 FTA

−4.221

0.293

 AR(1) (P-Value)

162

 AR(2) (P-Value)

0.306

 Hansen test (P-Value)

1

  1. ***Statistical significance at 1% level; **statistical significance at 5% level; *statistical significance at 10% level. Hypothesis: H6 is accepted.
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