The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 10 Robustness check, GMM system—the impact of sectoral FDI on economic growth
From: FDI and economic growth in Indonesia: a provincial and sectoral analysis
Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
lgdp | lgdp | lgdp | lgdp | lgdp | lgdp | lgdp | lgdp | lgdp | lgdp | |
Agricultural FDI | − 0.110* | |||||||||
(0.064) | ||||||||||
Mining FDI | 0.027* | |||||||||
(0.015) | ||||||||||
Manufacturing FDI | 0.067*** | |||||||||
(0.024) | ||||||||||
Water, Gas, Electricity FDI | 0.055 | |||||||||
(0.061) | ||||||||||
Hotel and Restaurant FDI | 0.041* | |||||||||
(0.024) | ||||||||||
Trade FDI | 0.012 | |||||||||
(0.082) | ||||||||||
Construction FDI | 0.015 | |||||||||
(0.030) | ||||||||||
Transportation and Communication FDI | 0.014 | |||||||||
(0.037) | ||||||||||
Real Estate FDI | 0.062** | |||||||||
(0.030) | ||||||||||
Other Services FDI | 0.042 | |||||||||
(0.069) | ||||||||||
Constant | 0.328 | 2.372 | 0.457 | 1.145 | 0.504 | 0.313 | 0.360* | 0.224 | 0.334 | 1.047 |
(1.165) | (1.690) | (0.344) | (0.964) | (0.534) | (0.727) | (0.201) | (0.195) | (0.302) | (0.719) | |
Control Variables | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 | 2,203 |
Number of sector-province | 314 | 314 | 314 | 314 | 314 | 314 | 314 | 314 | 314 | 314 |
AR(1) | 0.016 | 0.006 | 0.011 | 0.074 | 0.002 | 0.007 | 0.004 | 0.006 | 0.001 | 0.004 |
AR(2) | 0.796 | 0.995 | 0.655 | 0.459 | 0.329 | 0.557 | 0.620 | 0.433 | 0.226 | 0.399 |
Hansen | 0.809 | 0.206 | 0.424 | 0.816 | 0.241 | 0.292 | 0.094 | 0.194 | 0.114 | 0.419 |
Sargan | 0.000 | 0.000 | 0.000 | 0.003 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
Number of Instruments | 31.000 | 38.000 | 29.000 | 23.000 | 46.000 | 25.000 | 34.000 | 27.000 | 38.000 | 34.000 |