Research Article
Does Foreign Direct Investment Impact Energy Intensity? Evidence from Developing Countries
Table 5
Results of the panel regression model.
| | Full | Non-BRICS | BRICS |
| FDIt−3 | −0.191 | −0.143 | −1.122 | (0.137) | (0.112) | (0.290) | Innot−3 | 0.016 | 0.020 | 0.067 | (0.005) | (0.004) | (0.014) | LnperGDPt | −0.208 | −0.112 | −0.338 | (0.012) | (0.011) | (0.024) | Tradet | 0.031 | 0.023 | 0.036 | (0.016) | (0.012) | (0.045) | Indust−3 | 0.193 | 0.329 | −0.054 | (0.062) | (0.058) | (0.095) | Enert−3 | −0.156 | −0.106 | 0.050 | (0.064) | (0.050) | (0.185) | _cons | 1.971 | 1.032 | 2.965 | (0.109) | (0.100) | (0.196) | N | 352 | 242 | 110 | R2 | | | 0.850 |
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Notes. Standard errors are in parentheses. , , and indicate significance at the 1%, 5%, and 10% levels, respectively. |