Fragility of FDI flows in sub-Saharan Africa region: does the paradox persist?

Future Business Journal

Table 4 Panel results.

Variables	Pooled	RE	FE	PTSLS	DGMM
FDII	− 0.00007*	0.000381*	0.0000886***	0.0000153	0.000161
FDIO	− 0.00009**	− 0.000125	− 0.000123***	− 0.000148***	− 0.000277***
GEFF	0.011502	0.080723***	0.008457	− 0.005317	0.002208***
INFR	− 0.00007	0.003179***	− 0.0000435	0.000287	− 0.0000241
PCIG	0.000148**	0.000462	0.000176***	− 0.000467***	0.000591***
PSAV	− 0.015766**	− 0.118112***	− 0.010718**	− 0.031289*	− 0.008283***
COVDUM	− 0.00320***	0.010692*	− 0.001927**	− 0.000497	****
Constant	1.14831***	0.420805***	0.776496***	0.660729	****
Diagnostic Test
F-Statistics	14,589.47	58.28	7469.89	7050.460	****
Probability > F	0.000	0.0000	0.000	0.000	****
R-Squared	0.99724	0.53753	0.99833	0.998141	****
Adj. R-squared	0.99717	0.52830	0.99815	0.997939	****
Durbin Watson	1.12557	0.26708	1.41861	1.855672	****
Instrument rank				34	25
Prob (J-statistic)				0.464440	0.200015
J-statistic					20.94825
A&B S. C Test					0.611947
Probability					0.5406

*, **, ***Denote significance level at 10%, 5% and 1% while ****indicates Not Applicable
A&B S.C Test-Arrellano-Bond Serial Correlation Test