	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
VARIABLES	FDI	FDI	FDI	FDI	FDI	FDI	FDI	FDI	FDI	FDI	FDI	FDI
												
L.FDI	0.455***	0.393***	0.379***	0.452***	0.465***	0.462***	0.387***	0.401***	0.394***	0.371***	0.387***	0.402***
	(0.079)	(0.0722)	(0.0706)	(0.0807)	(0.0801)	(0.0802)	(0.0733)	(0.0728)	(0.0733)	(0.0718)	(0.0711)	(0.0729)
life	0.056	0.0844	0.0818	0.0806	0.0375	0.0536	0.0829*	0.0411	0.0639	0.0832*	0.0366	0.00407
	(0.063)	(0.0600)	(0.0594)	(0.0494)	(0.0473)	(0.0603)	(0.0496)	(0.0466)	(0.0556)	(0.0488)	(0.0466)	(0.0527)
commarch	0.096***	0.0925***	0.0899***	0.0960***	0.0881***	0.0836***	0.0956***	0.0888***	0.0849***	0.0935***	0.0856***	0.0821***
	(0.021)	(0.0195)	(0.0191)	(0.0200)	(0.0196)	(0.0196)	(0.0190)	(0.0187)	(0.0187)	(0.0187)	(0.0183)	(0.0185)
logGDPCap	-1.544***	-1.190***	-1.193***	-1.406***	-1.519***	-0.911**	-1.126***	-1.246***	-0.830**	-1.113***	-1.244***	-0.504
	(0.515)	(0.428)	(0.414)	(0.461)	(0.492)	(0.444)	(0.400)	(0.424)	(0.392)	(0.387)	(0.412)	(0.360)
natres	0.096*	0.135**	0.133**	0.115***	0.0876**	0.124**	0.139***	0.114***	0.156***	0.141***	0.111***	0.133***
	(0.057)	(0.0530)	(0.0525)	(0.0425)	(0.0439)	(0.0520)	(0.0401)	(0.0415)	(0.0485)	(0.0395)	(0.0409)	(0.0405)
AmericDiaspo	11.265	8.221	8.569	10.43	9.887	7.134	8.661	8.059	5.265	8.940	8.285	5.565
	(8.649)	(8.043)	(7.902)	(8.229)	(8.306)	(8.456)	(7.739)	(7.819)	(7.928)	(7.593)	(7.680)	(7.758)
english	1.435*	1.056	1.151	1.873***			1.650***			1.839***		
	(0.865)	(0.865)	(0.841)	(0.539)			(0.514)			(0.504)		
french	-0.591	-0.607	-0.722		-1.577***			-1.407***			-1.603***	
	(0.862)	(0.830)	(0.828)		(0.530)			(0.493)			(0.496)	
Portuguese	0.416	-0.458	-0.443			-0.533			-1.028			
	(1.090)	(0.962)	(0.953)			(1.034)			(0.940)			
Anticorrup	1.125**			1.029**	1.074**	0.820*						
	(0.485)			(0.431)	(0.442)	(0.461)						
PolRight		1.939*					1.881*	2.136**	2.204**			
		(1.084)					(1.053)	(1.052)	(1.064)			
CivLib			2.175**							2.086**	2.366**	
			(1.056)							(1.010)	(1.034)	
PolStab												0.0304**
												(0.0134)
Constant	0.027	-1.378	-1.021	-2.650	2.602	-2.583	-2.460	2.525	-2.447	-2.501	3.106	-0.683
	(5.089)	(4.863)	(4.791)	(3.484)	(3.650)	(4.090)	(3.513)	(3.542)	(3.877)	(3.416)	(3.560)	(3.509)
												
Observations	210	210	210	210	210	210	210	210	210	210	210	210
Number of id	14	14	14	14	14	14	14	14	14	14	14	14
Sargan (p-value)	0.391	0.143	0.173	0.383	0.392	0.374	0.141	0.165	0.167	0.171	0.195	0.391
AR(1) p-value	0	0	0	0	0	0	0	0	0	0	0	0
AR(2) p-value	0.566	0.685	0.682	0.584	0.552	0.583	0.694	0.662	0.710	0.696	0.656	0.567
Standard errors in parentheses												
*** p<0.01, ** p<0.05, * p<0.1												
