Table 6 Baseline outcomes.

IPP

1.637^a (0.35)

1.418^a (0.31)

0.927^a (0.28)

IPP2

−0.157^a (0.03)

−0.124^a (0.02)

−0.099^a (0.02)

FDI

−0.000 (0.01)

0.008 (0.01)

−0.002 (0.00)

Fiscal

0.336^a (0.03)

0.285^a (0.03)

Trade

0.034^a (0.00)

constant

1.250 (1.20)

−5.561^a (1.22)

−3.649^a (1.12)

Fixed effect

YES

YES

YES

N

540

540

540

R²

0.748

0.800

0.838

adj. R²

0.734

0.788

0.828