	(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	0.562***	0.497***	0.483***	0.561***	0.574***	0.567***	0.495***	0.508***	0.499***	0.481***	0.496***	0.560***
	(0.084)	(0.0773)	(0.0755)	(0.0853)	(0.0843)	(0.0838)	(0.0779)	(0.0774)	(0.0780)	(0.0761)	(0.0753)	(0.0852)
life	0.009	0.00677	0.0109	0.00181	6.51e-05	0.00539	-0.0143	-0.0203	-0.00959	-0.00887	-0.0138	-0.0400
	(0.063)	(0.0607)	(0.0593)	(0.0546)	(0.0550)	(0.0613)	(0.0551)	(0.0552)	(0.0597)	(0.0533)	(0.0536)	(0.0568)
commarch	0.093***	0.0962***	0.0946***	0.0933***	0.0856***	0.0828***	0.0974***	0.0902***	0.0877***	0.0962***	0.0877***	0.0829***
	(0.023)	(0.0218)	(0.0214)	(0.0222)	(0.0216)	(0.0215)	(0.0214)	(0.0210)	(0.0209)	(0.0209)	(0.0204)	(0.0214)
logGDPCap	-1.580***	-1.615***	-1.629***	-1.599***	-1.510***	-1.219**	-1.580***	-1.468***	-1.334***	-1.589***	-1.466***	-0.907*
	(0.538)	(0.492)	(0.485)	(0.531)	(0.537)	(0.501)	(0.490)	(0.492)	(0.474)	(0.483)	(0.483)	(0.488)
natres	0.034	0.0579	0.0522	0.0242	0.00863	0.0563	0.0277	0.0148	0.0745	0.0273	0.0119	0.0526
	(0.076)	(0.0673)	(0.0669)	(0.0531)	(0.0551)	(0.0611)	(0.0511)	(0.0533)	(0.0586)	(0.0506)	(0.0525)	(0.0555)
AfricDiaspo	-5.936	-6.682	-4.139	-6.060	-5.879	-5.293	-7.156	-7.607	-8.074	-4.662	-4.852	-3.304
	(12.669)	(12.68)	(12.19)	(12.63)	(12.75)	(12.74)	(12.67)	(12.79)	(12.74)	(12.16)	(12.29)	(12.48)
english	1.488	1.635*	1.633*	1.451***			1.406***			1.531***		
	(1.030)	(0.958)	(0.958)	(0.514)			(0.494)			(0.484)		
french	0.091	0.376	0.238		-1.199**			-1.097**			-1.268***	
	(1.171)	(0.962)	(1.000)		(0.513)			(0.473)			(0.477)	
Portuguese	-0.282	-1.005	-0.943			-0.939			-1.314			
	(1.388)	(1.027)	(1.047)			(1.075)			(0.926)			
Anticorrup	0.586			0.660	0.775*	0.420						
	(0.587)			(0.422)	(0.438)	(0.476)						
PolRight		1.015					1.199	1.513	1.490			
		(1.116)					(1.064)	(1.059)	(1.067)			
CivLib			1.003							1.235	1.632	
			(1.109)							(0.997)	(1.021)	
PolStab												0.0252*
												(0.0145)
Constant	5.516	6.790	6.893	5.950	6.704	4.537	8.135	9.053*	6.618	7.938	8.904*	5.530
	(5.651)	(5.393)	(5.290)	(5.133)	(5.264)	(5.219)	(4.966)	(5.094)	(5.072)	(4.874)	(5.008)	(5.118)
												
Observations	180	180	180	180	180	180	180	180	180	180	180	180
Number of id	12	12	12	12	12	12	12	12	12	12	12	12
Sargan (p-value)	0.645	0.227	0.147	0.643	0.628	0.657	0.228	0.233	0.240	0.148	0.153	0.651
AR(1) p-value	1.82e-08	2.85e-08	2.79e-08	2.00e-08	1.56e-08	1.84e-08	2.77e-08	2.18e-08	3.11e-08	2.82e-08	2.13e-08	1.58e-08
AR(2) p-value	0.745	0.719	0.703	0.749	0.755	0.724	0.745	0.752	0.692	0.723	0.727	0.793
Standard errors in parentheses												
*** p<0.01, ** p<0.05, * p<0.1												
