Explanatory variable: China’s exports to the host country | (1) | (2) | (3) | (4) | (5) | (6) |
---|---|---|---|---|---|---|
1-year lag of OFDI stock | 0.120** (1.96) | – | – | 0.028 (1.39) | – | – |
2-year lag of OFDI stock | – | 0.105* (1.69) | – | – | 0.003 (0.19) | – |
3-year lag of OFDI stock | – | – | 0.090 (1.50) | – | – | −0.013 (−0.70) |
Control variables in the gravity model | Yes | Yes | Yes | Yes | Yes | Yes |
Individual fixed effect | No | No | No | Yes | Yes | Yes |
N | 1245 | 1128 | 1008 | 1245 | 1128 | 1008 |
R 2 | 0.575 | 0.565 | 0.557 | 0.962 | 0.964 | 0.964 |