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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 11 FDI explanatory variables and data source

From: Ethiopia’s FDI inflow from India and China: analysis of trends and determinants

Dependent variable

Explanatory variables

Expected sign

Source of data

FDI inflow*

1.GDP growth rate

Positive

World Bank Country Statistics, 1960–2016

2. Labour availability

Positive

World Development Indicators

https://data.worldbank.org/indicator

3. Trade openness

Positive

COMSTAT DATA HUB

http://comstat.comesa.int/INTGRA2016/integration-indicators-2016?tsId=1000220

4. Secondary school enrolment/WF quality

Positive

The World Bank

https://data.worldbank.org/indicator

5. Per capita difference

Positive/negative

World Bank Country Statistics, 1960–2016

6. OER

Positive/negative

Ethiopia Data Portal/World Development indicators

http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014

7. Population size home-host

Positive

Ethiopia Data Portal/World Development indicators

http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014

8. Market size of the host/country’s GDP

Positive

World Bank Country Statistics, 1960–2016

9. Government size/consumption expenditure

Positive/negative

COMSTAT DATA HUB

http://comstat.comesa.int/hsyndwf/socio-economic-database-of-africa-1960-2050

10. Inflation, consumer price annual  

Negative

The World Bank Data

https://data.worldbank.org/indicator

11. Natural resource rent

Positive

Ethiopia Data Portal/World Development indicators

http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014

12. Internet users

Positive

Source: Internet Live Stats (www.InternetLiveStats.com)

Elaboration of data by International Telecommunication Union (ITU)World Bank, and United Nations Population Division.

http://www.internetlivestats.com/internet-users/ethiopia/

13.GDP PC home-host

Positive/negat.

World Bank Country Statistics, 1960–2016

14. Real effective exchange rate

Negative

http://bruegel.org/publications/datasets/real-effective-exchange-rates-for-178-countries-a-new-database/

15. Real interest rate

Positive

World Development Indicators

https://data.worldbank.org/indicator/FR.INR.RINR?locations=ET&view=chart

16. Political and institutional risk

Negative

The World Bank Data Catalogue

https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators

17. Rule of law

Positive

The World Bank Data Catalogue

https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators

18. Corruption

Negative

The World Bank Data Catalogue

https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators

19. Domestic credit/financial development

Positive

COMSTAT DATA HUB/WB

http://comstat.comesa.int/cxaujud/world-development-indicators-wdi

20. Effectiveness

Positive

The World Bank Data Catalogue

https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators

21. Regulatory framework

Positive

The World Bank Data Catalogue

https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators

22. Et-growth rate

Positive

World Bank Country Statistics, 1960–2016

23. Bilateral trade flow

Positive/neg’

Ministry of Trade, Ethiopia

24. FDI openness

Positive

COMSTAT DATA HUB

http://comstat.comesa.int/INTGRA2016/integration-indicators-2016?tsId=1000220

  1. * FDI flow data from the Ethiopian Investment Commission