Explanatory variable: China’s exports to the host country | Estimation method: OLS | Estimation method: PPML | ||||
---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
Current OFDI flow | 0.459*** (11.33) | – | 0.390*** (11.51) | – | 0.206*** (3.73) | – |
Current OFDI stock | – | 0.487*** (10.44) | – | 0.432*** (10.21) | – | 0.075 (1.60) |
Control variables in the gravity model | No | No | No | No | Yes | Yes |
N | 1354 | 1762 | 1354 | 1762 | 1331 | 1730 |
R 2 | 0.291 | 0.286 | 0.299 | 0.298 | 0.664 | 0.617 |