Cross-Country Evidence on the Link between the Level of Infrastructure and Capital Inflows

Explanatory Variables

(1) _

(2)

(3)

(4)

(5)

(6)

(7)...

(8)

(9)

(10)

Air-DepartureLe_vel

0.802***

-

-

0.469

-

-

0.473

-

-

0.243

RoadLevel

(2.58)

-

0.422

-

(1.36)

-

0.423

-

(1.58)

-

0.409

-

(0.57)

-0.0003

TelecircuitLevel

-

(0.45)

-

2.982^***

-

(0.95)

-

1.961^***

^B

(0.80)

^B

1.331^**

(0.001)

0.862

log((GDP/Capita)Average)

log((GDP)Average)

Openness

Nat. ResourceAverage

Latitude

LandlockedD_um.

R²

0.20

0.02

(4.70)

0.42

0.037

(0.29)

-0.147^***

(2.91)

-

0.137^*
(1.72)

-0.176^***
(4.15)

-

(2.50)
0.020
(0.32)
-0.117^***
(2.72)

-

-0.152

(1.46)

-0.069

(1.38)

0.015^***
(5.16)

0.002

(0.89)

-0.002

(1.03)

-0.263

(1.28)

-

-0.073

(0.76)

-0.097^*

(1.84)

0.016^***

(4.18)

0.002

(1.00)

-0.003^*

(1.88)

-0.334

(1.49)

-

(2.21)

-0.121

(1.51)

-0.065

(1.54)

0.014^***

(4.56)

0.002

(1.01)

-0.003^**

(2.30)

-0.286

(1.42)

-

(1.00)

-0.149

(1.39)

-0.060

(1.23)

0.014^***

(3.71)

0.002

(0.92)

-0.003

(1.38)

-0265
(-1.22)

-

adj. R²

0.17

-0.02

0.40

0.46

0.43

0.54

0.69

0.65

0.69

0.67

SE

0.33

0.37

0.28

0.27

0.27

0.24

0.20

0.21

0.20

0.21

Sample Size_______________

29

29

29

29

29

29

29

29

29

29