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

0.333***
(4.68)

-

-

0.345***
(4.03)

-

-

0.291***
(2.84)

^B

^B

0.471***
(4.61)

RoadLevel

-

0.133
(0.51)

-

-

0.122
(0.52)

-

-

0.038
(0.24)

-

-0.226^**
(2.35)

TelecircuitLevel

log((GDP/Capita)Average)

log((GDP)Average)

Openness

Nat. ResourceAverage

Latitude

LandlockedDum.

-

-

0.301
(1.07)

-

-0.017
(0.55)

-0.004
(0.36)

-

0.061

(1.48)

-0.025^*
(2.02)

0.109

(0.33)

0.057

(1.25)

-0.022^*

(1.72)

-

0.014

(0.42)

-0.042^***

(2.89)

-0.004^***

(4.21)

-0.001^**

(2.05)

0.0004

(0.58)

-0.131^***

(2.82)

-

0.075^*
(1.85)

-0.064^***

(4.12)

-0.004^***
(3.48)

-0.001^**

(2.43)

-0.0001
(0.17)

-0.179^***
(3.56)

0.035
(0.13)

0.076

(1.68)

-0.064^***

(3.85)

-0.004^***

(3.12)

-0.001^***

(2.56)

-0.0004

(0.05)

-0.178^***

(3.96)

-0.387^***

(2.87)

0.001

(0.03)

-0.004^***

(3.18)

-0.003^***

(3.13)

-0.001^***

(2.95)

0.001^*

(1.73)

-0.136^***

(3.37)

R²

0.48

0.02

0.08

-

-

-

-

-

-

-

a_Sd_Ej. R²

0.46

-0.01

0.04

0.43

0.10

0.09

0.55

0.29

0.29

0.67

0.46

0.10

0.28

0.07

0.09

0.09

0.06

0.08

0.08

0.05

Sample Size_______________

30

30

30

30

30

30

30

30

30

30