Does Foreign Direct Investment Impact Energy Intensity? Evidence from Developing Countries

Table 6

Results of moderating effect of innovation capacity.

	BRICS	Non-BRICS
FDIt−3	−0.962	−0.067
	(0.271)	(0.112)
Innot−3	0.069	0.017
	(0.013)	(0.004)
FDIt−3 Innot−3	0.868	−0.287
	(0.209)	(0.098)
LnperGDPt	−0.382	−0.117
	(0.024)	(0.011)
Tradet	0.088	0.027
	(0.043)	(0.012)
Indust−3	0.030	0.290
	(0.090)	(0.058)
Enert−3	−0.092	−0.107
	(0.175)	(0.050)
_cons	3.578	1.167
	(0.221)	(0.106)
N	110	242
R^2	0.873

Notes. Standard errors are in parentheses. , , and indicate significance at the 1%, 5%, and 10% levels, respectively.