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
R^2			0.850

Notes. Standard errors are in parentheses. , , and indicate significance at the 1%, 5%, and 10% levels, respectively.