Table 1.
Variables.
Fig 1.
Path analysis diagram of the mediation model.
Fig 2.
Aggregate trends of EDB, FDI, and DI across BRICS+ Countries (2004–2020).
Source: Authors’ calculations based on World Bank data.
Table 2.
The impact of aggregate EDB scores on FDI and domestic investment.
Table 3.
The impact of EDB indicators on FDI and domestic investment.
Table 4.
Country-specific analysis of the impact of the EDB index on investment.
Fig 3.
Country-specific long-run effects of EDBon FDI and DI in BRICS+ countries.
NB: * indicates statistically significant coefficients (p < 0.1). Source: Authors’ estimates using the PMG-ARDL model.
Table 5.
Mediation analysis.
Table 6.
Moderating analysis.