Examining the Regional Aspect of Foreign Direct Investment to Developing Countries

All countries

Africa

Asia

Latin America

GDP per capita

-0.001***
[0.0003]

Growth

0.431**

0.412***

1.330***

0.472***

[0.207]

[0.118]

[0.383]

[0.041]

Urban population

0.188***

-0.056***

[0.0669]

[0.003]

Earn

-0.695***

[0.197]

Ores

0.066***
[0.005]

Landarea

0.556**
[0.218]

Roads

-0.020**
[0.007]

Telephone

0.035***

0.034***

[0.012]

[0.003]

Import

0.0061

0.064***

0.037***

[0.042]

[0.011]

[0.005]

Inflation

-0.014***

-0.005***

-0.041***

-0.003***

[0.003]

[0.001]

[0.007]

[0.001]

Current account

-0.338***

-0.675***

0.171***

[0.105]

[0.166]

[0.035]

External debt

-2.553**

-0.747*

[1.117]

[0.340]

Change in exchange rate

-0.063**

-0.270***

-0.029***

[0.029]

[0.071]

[0.006]

Variance of the exchange rate

-0.227**

0.805**

0.161***

[0.111]

[0.361]

[0.021]

International reserves

-5.112***

[1.915]

Government expenditure

7.910***

[2.561]

Corruption

-3.454**

-1.557***

[1.372]

[0.191

Law

2.870**

[1.271]

Political rights

1.682**
[0.712]

Voice and accountability

7.202***
[1.759]

Number of observations

100

“43

35

^22

Adjusted R-squared

0.38____________

0.78

0.64

0.87______________