Foreign direct investment in the Indian telecommunications sector



Intercept____________________________

1471.29791

0.26

5708.57917

Urban Population__________________

-492.12340

-1.66

295.68930

Tax Revenue lagged by one year_____

311.58786

2.24

138.89634

Literacy rate________________________

167.63648_______

3.07

54.67690

R-square_________________________

_______0.8742_______

Adjusted R-Square________________

_______0.7798_______

F-Value___________________________

________9.26__________

Model 4 - Tax revenue as a percentage of GDP lagged by one year, the Literacy rate of the

population and percent change in GDP lagged by one year (sample size of 8)

Parameter Estimate

T-value

Standard Error

Intercept____________________________

-6800.82622

-5.82

1167.72389

Tax Revenue lagged by one year_____

463.42232

4.81

96.40312

Literacy rate________________________

61.51872_______

4.42

13.91101

GDP percent change lagged_________

-87.66079_______

-3.25

26.98749

R-square_________________________

_______0.9414_______

Adjusted R-Square________________

_______0.8975_______

F-Value___________________________

21.44_________

Model 5 - Logs of FDI (dependent variable), Tax revenue as a percentage of GDP lagged by one

year and the Literacy rate of the population lagged by one year(sample size of 8)

Parameter

Estimate__________

T-value

Standard Error

Intercept_______________________________

-78.04604

0.0025

15.70120

Log of Tax Revenue lagged by one year

28.95562_______

4.34

6.67738

Log of Literacy rate lagged by one year

30.23391_______

4.69

6.44842

R-square_____________________________

0.8136

Adjusted R-Square___________________

0.7514

F-Value______________________________

13.09_________

Model 6 - Logs of FDI (dependent variable), lagged Tax Revenue, Literacy rate and GDP per

capita percent changed lagged by one year (sample size of 8)

Parameter Estimate

T-value

Standard Error

17



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