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

Table 7

Effect test of high-quality economic development.

Variables	QUA
	(1)	(2)	(3)	(4)
lnOFDI	0.022; (0.002)	0.020 (0.003)	0.021 (0.003)	0.021 (0.002)
lnCTP		0.122 (0.040)
lnCEP			0.069 (0.038)
lnCIP				0.032 (0.021)
Control variables	Yes	Yes	Yes	Yes
Time effects	Yes	Yes	Yes	Yes
Individual effects	Yes	Yes	Yes	Yes
Obs.	831	831	831	831
R^2	0.729	0.731	0.730	0.730

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