Table 1 The effect of OFDI on export trade: the full sample (PPML estimation)
Explanatory variable: China’s exports to the host country | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
1-year lag of OFDI stock | 0.073 (1.52) | – | – | −1.83 × 10−5 (−0.00) | – | – |
2-year lag of OFDI stock | – | 0.064 (1.29) | – | – | –0.012 (−0.72) | – |
3-year lag of OFDI stock | – | – | 0.053 (1.07) | – | – | −0.019 (−1.07) |
Control variables in the gravity model | Yes | Yes | Yes | Yes | Yes | Yes |
Individual fixed effect | No | No | No | Yes | Yes | Yes |
N | 1584 | 1434 | 1282 | 1584 | 1434 | 1282 |
R 2 | 0.606 | 0.598 | 0.593 | 0.969 | 0.971 | 0.972 |