Table 5 Impact of FDI on local entrepreneurship in China.
From: Foreign business presence and local entrepreneurship development: evidence from China
Regressors | Dependent variable: ln(entrepreneurship) | |||
|---|---|---|---|---|
(1992–2019) | ||||
(7) | (8) | (9) | (10) | |
ln(fdi_stock_pc) | 0.16*** (0.04) | 0.24*** (0.05) | ||
Ln(fdi_flow_pc) | 0.09*** (0.03) | 0.09*** (0.03) | ||
elderly | 0.03*** (0.01) | 0.03*** (0.01) | 0.04*** (0.01) | 0.04*** (0.01) |
birth | −0.03*** (0.01) | −0.02** (0.01) | −0.03*** (0.01) | −0.03*** (0.01) |
invest/gdp | 0.88*** (0.20) | 0.80*** (0.16) | 0.80*** (0.16) | 0.89*** (0.21) |
ln(education) | 0.49*** (0.09) | 0.42*** (0.10) | 0.52*** (0.08) | 0.51*** (0.08) |
ln(road/land) | 0.19** (0.08) | 0.08 (0.07) | 0.21** (0.09) | 0.20** (0.09) |
loan/gdp | 0.10 (0.12) | 0.10 (0.11) | 0.14 (0.12) | |
govt/gdp | −0.76* (0.43) | −1.25** (0.56) | −0.65* (0.37) | |
constitution99 | 0.36*** (0.10) | |||
constitution04 | 0.45*** (0.11) | |||
Interaction99 | −0.07*** (0.03) | |||
Interaction04 | −0.09*** (0.03) | |||
constant | −3.32*** (0.51) | −2.77*** (0.56) | −3.37*** (0.58) | −3.29*** (0.58) |
Years | Yes | Yes | Yes | Yes |
Observations | 846 | 846 | 846 | 846 |
Provinces | 31 | 31 | 31 | 31 |
Within R-sq. | 0.973 | 0.975 | 0.972 | 0.973 |
Adj. R-sq. | 0.974 | 0.976 | 0.974 | 0.974 |
