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Foreign Direct Investment And Institutions: Case Of Emerging Economies

Table 2:

Variable Description Source
Lngdp logarithm of GDP of the investing country j per year t. World Bank [http://data.worldbank.org/indicator/NY.GDP.MKTP.CD]
Lngrp_pc logarithm of GRP per capita of the recipient region i per year t. Federal State Statistics Service [http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/accounts/]
Lndist_inv logarithm of the distance between the capital of investor’s country j and Moscow. Calculated by the author with the use of distancecalculator.ru
Lndist_Msc logarithm of the distance between region i and Moscow. Calculated by the author with the use of distancecalculator.ru
Lnopen logarithm of the trade openness of region i (calculated as sum of export and import divided by GRP) per year t. Calculated by the author
Lncrime logarithm of registered number of crimes in region i per year t. Federal State Statistics Service [http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/accounts/]
lnR&Dstaff logarithm of R&D personnel in region i per year t. Federal State Statistics Service [http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/accounts/]
lnunempl logarithm of the unemployment rate in region i per year t. Federal State Statistics Service [http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/accounts/]
lnattract Logarithm of investment attraction of the region RAEX [http://raexpert.ru/ratings/regions/concept/]
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