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

0.4зз

(1.31)

-

-

0.121

(0.31)

-

-

0.214
(0.62)

-

-

-0.145
(0.32)

RoadLevel

-

0.262
(0.39)

-

-

0.293
(1.09)

-

-

-0.368
(0.94)

-

0.223
(0.56)

TelecircuitLevel

log((GDP/Capita)Average)

log((GDP)Average)

Openness

Nat. ResourceAverage

Latitude

LandlockedD_um.

-

-

2.350***
(3.00)

-

0.029

(0.21)

-0.142^***

(2.52)

-

0.050

(0.64)

-0.149^***

(3.47)

1.544

(1.56)

-0.036
(0.39)

-0.103^**

(2.16)

-

-0.193^**
(2.05)

-0.028
(0.53)
0.018^***
(5.80)

0.004^*

(1.88)

-0.001
(0.40)

-0.110
(0.56)

-

-0.168^**
(2.10)

-0.037
(0.79)
0.019^***
(5.38)

0.004^*
(2.00)

-0.003

(1.53)

-0.138
(0.72)

0.945

(1.61)

-0.198^***

(2.66)

-0.015
(0.36)
0.017^***

(5.38)
0.004^**

(2.05)

-0.002^*

(1.77)

-0.106
(0.58)

1.045
(1.28)

-0.180^*
(1.89)

-0.019
(0.38)

0.017^***
(4.41)

0.004^*
(1.97)

-0.003^*
(1.77)

-0.120
(0.56)

R²

0.07

0.01

0.30

-

-

-

-

-

-

-

adj. R²

0.03

-0.03

0.28

0.33

0.34

0.42

0.66

0.66

0.68

0.65

SE

0.33

0.34

0.29

0.27

0.27

0.26

0.20

0.19

0.19

0.20

Sample Size_______________

29

29

29

29

29

29

29

29

29

29