The results of ordinary least squares (OLS) estimations
of the US MOFA’s license payments are
reported in Table 2. The dependent variables in equations
(1) and (2) are based on the observed license
payments (LICENSE), equations (3) and (4) refer to
variables that are adjusted for the industry distribution
of affiliates (LICDIF’), and those in equations (5) and
(6) have been adjusted also for the host countries’
development levels (LICDEV).