China’s Outward Foreign Direct Investment and Bilateral Trade Potential: A Theoretical and Empirical Study

Table 6

A comparative experiment between countries along the BRI and strong trading powers.

Variables	Countries along the BRI			Strong trading powers
	(1)	(2)	(3)	(4)	(5)	(6)
lnOFDI	0.015 (0.002)	0.017 (0.002)	0.015 (0.003)	0.006 (0.001)	0.006 (0.001)	0.005 (0.002)
Control variables	Yes	Yes	Yes	Yes	Yes	Yes
Time effects	Yes	Yes	Yes	Yes	Yes	Yes
Individual effects	Yes	Yes	Yes	Yes	Yes	Yes
Obs.	845	845	845	448	448	448
R^2	0.490	0.375	0.507	0.494	0.538	0.228

Note. , , and mean that the variables are significant at 1%, 5%, and 10% level, respectively; standard deviations are shown in parentheses.