Figures & data
Table 1. Variable description and expected signs
Figure 1. Scree plot of the eigenvalues after PCA (WGI).
Figure 2. Scree plot of the eigenvalues after PCA (ICRG).
Table 2. Descriptive statistics of the main variables
Table 3. Correlation matrix
Table 4. The effects of economic fundamentals on FDI inflows in developing countries - the modulating effect of institutions—measure of institutions: the index of institutions (WGI)
Figure 3. Marginal effects of human capital with the index of institutions (WGI).
Table 5. The effects of economic fundamentals on FDI inflows in developing countries - the modulating role of institutions - measure of institutions: the World Bank’s WGIs
Figure 4. Marginal effects of human capital as a function of control of corruption.
Figure 5. Marginal effects of human capital as a function of government effectiveness.
Table 6. The effects of economic fundamentals f on FDI inflows in developing countries - the modulating role of institutions—robustness analysis:subperiod analysis, Othogonal difference GMM and instrumental variable approach
Table 7. The effects of economic fundamentals on FDI inflows in developing countries - the modulating effect of institutions—robustness checking with an alternative measure of institutions
Table A1. Correlation matrix
Table A2. Descriptive statistics of the WGI
Table A3. Eigenvectors
Table A4. Eigenvalues
Table B1. Correlation matrix
Table B2. Descriptive statistics of the ICRG’s institutional variables
Table B3. Eigenvalues
Table B4. Eigenvectors
Table C1. List of countries under studies