Table 2.
Description of the variables.
| Variablea | Description |
|---|---|
| RGDP | RGDP stands for Real Gross Domestic Product (constant 2015 US$). In this study, Real GDP is used to measure the economic performance of Bangladesh following [16,59]; Gunaydin and Tatoglu (2005) and [37]. Data of the variable has been obtained from the World Development Indicators [60]. |
| RGFDI | RGFDI stands for Real Greenfield Foreign Direct Investment. In this study, the variable is used following [42,43,46,47]. Data of Greenfield FDI (current million US$) has been converted to real values by dividing the current values by the GDP deflator (2015 = 1), using 2015 as the base year following [59]. Data of the variable has been obtained from the World Investment Report [49]. |
| RMA | RMA stands for Real Cross-border Merger & Acquisitions Sales. In this study, the variable is used following [43]; and [44]. Data of net Cross-border Merger & Acquisitions Sales (current million US$) has been converted to real values by dividing the current values by the GDP deflator (2015 = 1), using 2015 as the base year following [59]. Data of the variable has been obtained from the World Investment Report [49]. |