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Table 11 FDI explanatory variables and data source

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

Dependent variableExplanatory variablesExpected signSource of data
FDI inflow*1.GDP growth ratePositiveWorld Bank Country Statistics, 1960–2016
2. Labour availabilityPositiveWorld Development Indicators
https://data.worldbank.org/indicator
3. Trade opennessPositiveCOMSTAT DATA HUB
http://comstat.comesa.int/INTGRA2016/integration-indicators-2016?tsId=1000220
4. Secondary school enrolment/WF qualityPositiveThe World Bank
https://data.worldbank.org/indicator
5. Per capita differencePositive/negativeWorld Bank Country Statistics, 1960–2016
6. OERPositive/negativeEthiopia Data Portal/World Development indicators
http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014
7. Population size home-hostPositiveEthiopia Data Portal/World Development indicators
http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014
8. Market size of the host/country’s GDPPositiveWorld Bank Country Statistics, 1960–2016
9. Government size/consumption expenditurePositive/negativeCOMSTAT DATA HUB
http://comstat.comesa.int/hsyndwf/socio-economic-database-of-africa-1960-2050
10. Inflation, consumer price annual  NegativeThe World Bank Data
https://data.worldbank.org/indicator
11. Natural resource rentPositiveEthiopia Data Portal/World Development indicators
http://ethiopia.opendataforafrica.org/mbhpan/world-development-indicators-wdi-november-2014
12. Internet usersPositiveSource: 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-hostPositive/negat.World Bank Country Statistics, 1960–2016
14. Real effective exchange rateNegativehttp://bruegel.org/publications/datasets/real-effective-exchange-rates-for-178-countries-a-new-database/
15. Real interest ratePositiveWorld Development Indicators
https://data.worldbank.org/indicator/FR.INR.RINR?locations=ET&view=chart
16. Political and institutional riskNegativeThe World Bank Data Catalogue
https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators
17. Rule of lawPositiveThe World Bank Data Catalogue
https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators
18. CorruptionNegativeThe World Bank Data Catalogue
https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators
19. Domestic credit/financial developmentPositiveCOMSTAT DATA HUB/WB
http://comstat.comesa.int/cxaujud/world-development-indicators-wdi
20. EffectivenessPositiveThe World Bank Data Catalogue
https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators
21. Regulatory frameworkPositiveThe World Bank Data Catalogue
https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators
22. Et-growth ratePositiveWorld Bank Country Statistics, 1960–2016
23. Bilateral trade flowPositive/neg’Ministry of Trade, Ethiopia
24. FDI opennessPositiveCOMSTAT DATA HUB
http://comstat.comesa.int/INTGRA2016/integration-indicators-2016?tsId=1000220
  1. * FDI flow data from the Ethiopian Investment Commission