Table A2: Correlation matrix
|
(1) |
(2) |
(3) |
(4) | |
|
Real outward FDI stock |
(1) 1 | |||
|
Parent country corporate tax rate: ti,t-ι |
(2) -0.30 |
1 | ||
|
Host country corporate tax rate: t∕,t-ι |
(3) -0.42 |
0.26 |
1 | |
|
Withholding tax rate on repatriated profits: ∣¾-1 |
(4) -0.32 |
0.18 |
0.25 |
1 |
|
Parent country depreciation allowances: δift-ι |
(5) -0.47 |
0.41 |
0.27 |
0.31 |
|
Host country depreciation allowances: ⅜,t-ι |
(6) -0.10 |
0.12 |
-0.07 |
o.o: |
|
h,t-ι × ΔS,J⅛,t-ι × I(ΔS,J⅛,t-ι > 0) |
(7) 0.12 |
0.03 |
0.00 |
-0.01 |
|
δi,t-ι × ASKij,¢-1 × I(ΔS,JC∕,t-ι > 0) |
(8) 0.11 |
-0.05 |
-0.01 |
-0.0( |
|
δjft-ι × ΔSKijft-ι × I(ASKijft-ι > 0) |
(9) 0.18 |
-0.06 |
-0.09 |
-0.0! |
|
∖og(GDPit + GDPjt} : ΣGDP⅛i |
(10) 0.64 |
-0.43 |
-0.42 |
-0.21 |
|
∖o%(GDPit∕GDPjt) : AGDPijt |
(11) -0.18 |
0.11 |
0.08 |
O.K |
|
ASKijt × AGDPijt × !(ASKijt > 0): INTl |
(12) -0.16 |
0.02 |
0.13 |
O.K |
|
ASKijt × ZGDPijt × !(ASKijt > 0): INT2 |
(13) 0.14 |
-0.05 |
-0.04 |
-0.0) |
|
-ASKijt × AGDPijt × !(ASKijt < 0): INT3 |
(14) 0.08 |
-0.09 |
-0.08 |
-0.0! |
|
(ΔS⅛⅛)2× log(DISTijy. INT4 |
(15) 0.09 |
-0.06 |
-0.05 |
-0.K |
(5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)
L 0.05 1
|
5 |
-0.06 |
-0.04 |
1 | ||||||||
|
3 |
-0.05 |
-0.08 |
0.95 |
1 | |||||||
|
1 |
-0.08 |
0.07 |
0.91 |
0.94 |
1 | ||||||
|
5 |
-0.52 |
-0.14 |
0.13 |
0.14 |
0.19 |
1 | |||||
|
3 |
0.20 |
0.09 |
0.02 |
-0.01 |
-0.01 |
-0.29 |
1 | ||||
|
> |
0.10 |
0.04 |
-0.44 |
-0.49 |
-0.48 |
-0.16 |
0.30 |
1 | |||
|
7 |
-0.07 |
-0.07 |
0.96 |
0.99 |
0.95 |
0.18 |
-0.02 |
-0.52 |
1 | ||
|
-0.07 |
0.01 |
-0.06 |
-0.06 |
-0.06 |
0.04 |
-0.07 |
0.02 |
-0.06 |
1 | ||
|
> |
-0.06 |
-0.02 |
0.45 |
0.47 |
0.46 |
0.09 |
-0.12 |
-0.28 |
0.48 |
0.69 |
1 |
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