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Future Business Journal

Table 5 Long-run estimation results of OECD countries

From: Does COVID-19 shock endanger the flows of FDI in OECD? Empirical evidence based on AMG panel estimator

Variables

Full sample

Sub-sample

Eurozone

Non-Eurozone

Foreign Direct Investment Inflows (FDII)

Ā 

Coefficient

Std Error

Coefficient

Std Error

Coefficient

Std Error

COVID-19

āˆ’Ā 0.0117

0.0521

0.0169

0.0922

āˆ’Ā 0.0028

0.0049

RGDP

0.1349

0.0756*

0.2102

0.1319

āˆ’Ā 0.0319

0.0232

INF

āˆ’Ā 1.170

2.018

āˆ’Ā 1.231

3.451

āˆ’Ā 0.1507

0.1855

INR

0.0613

0.0781

1.097***

0.1375

āˆ’Ā 0.0072

0.0090

REER

0.2605

0.9635

āˆ’Ā 2.166

1.710

āˆ’Ā 0.1345

0.1069

GFCF

0.0039

0.0016*

0.0064**

0.0029

0.0003

0.0004

Constant

āˆ’Ā 0.0253

0.0279

āˆ’Ā 0.2685***

0.0476

0.0177*

0.0101

Diagnostic

Wald Test

46.58***

1150.40***

16.88***

  1. ***, **, and * represent the significance of the unit root model at the 1, 5, and 10% levels
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