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