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Future Business Journal

Table 6 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

Ā 

Full sample

Sub-sample

Eurozone

Non-Eurozone

Foreign Direct Investment outflows (FDIO)

Ā 

Coefficient

Std Error

Coefficient

Std Error

Coefficient

Std Error

COVID-19

0.0046

0.0855

0.0167

0.1519

āˆ’Ā 0.0144***

0.0039

RGDP

0.1366

0.1677

0.1462

0.3136

0.0276

0.0262

INF

āˆ’Ā 0.3381

1.697

0.0153

2.8950

0.5924

0.6346

INR

0.0661

0.1232

0.8622***

0.2160

āˆ’Ā 0.0147

0.0097

REER

āˆ’Ā 0.7751

0.8060

āˆ’Ā 2.9380**

1.3870

āˆ’Ā 0.1041*

0.4513

GFCF

0.0043

0.0011

0.0084**

0.0025

āˆ’Ā 0.0036

0.0003

Constant

0.0292

0.0376

āˆ’Ā 1.4380**

0.0639

0.0267**

0.0081

Diagnostic

Wald Test

123.70***

5690.97***

75.41***

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