**<u>Table 8: Results for Country-level Indirect Interactions</u>**

|**Country**|**Mig. Stock**|<br>**Coeff. No**τij|<br>**Sig. **|<br>**Coeff. Inc.**τij|<br>**Sig. **<br>**Country**|**Mig.**<br>**Stock**|**Coeff. No**<br>τij|**Sig. **|**Coeff. Inc.**<br>τij|**Sig. **|
|---|---|---|---|---|---|---|---|---|---|---|
|**Latvia**|54,554|0.12|***|0.04|**Iceland**|19,205|0.00||-0.02|*|
|**Cameroon**|41,478|0.07|***|0.04|**Myanmar**<br>**Antigua-British**<br>**Virgin Is.-**<br>**Dominica-Grenada-**<br>**Montserrat-St**<br>**KittAnillSt**|214,829|0.00||0.03|**|
|**United Kingdom**|3,649,716|0.06|***|-0.12|**<br>**s-gua-**<br>**Lucia-St Vincent**|91,348|-0.01||-0.02|*|
|**Nepal**|612,465|0.06|***|0.02|**Peru**|231,434|-0.02||0.04|*|
|**Japan**|564,264|0.05|***|0.02|**Egypt**<br>**Jamaica-Turks and**|1,021,589|-0.02||0.04|*|
|**Iran**|446,783|0.05|***|0.04|<br>**Caicos-Cayman Is.**|459,221|-0.02|**|-0.01||
|**India**|6,361,587|0.05|*|-0.04|**Bahamas**|16,859|-0.02|*|0.01||
|**Romania**|976,563|0.05|*|0.06|**Bhutan-Brunei**|36,197|-0.02|**|0.00||
|**Czechoslovakia**|1,014,715|0.05|*|0.03|**Philippines**|1,237,433|-0.03|*|0.00||
|**Guatemala**<br>**France-Monaco-**|192,359|0.04|**|0.00|**Congo**|17,777|-0.03|*|-0.03||
|**Andorra**|1,045,326|0.04|**|0.04|**Greenland**|5,418|-0.03|**|0.00||
|**Guyana**|134,275|0.04|***|0.00|**Gibraltar**|10,984|-0.03|**|-0.01||
|**Germany**|2,840,813|0.04|**|-0.02|**Ghana**|158,859|-0.03|*|0.00||
|**Trinidad and**|||||||||||
|**Tobago**<br>**DkF**|138,159|0.04|***|0.00|**Portugal**|1,373,239|-0.03|**|0.01||
|**enmar-aeroe**<br>**Islands**<br>**Guinea-Bissau-**|203,767|0.04|***|0.03|**Australia-Norfolk Is.**|240,778|-0.03|*|0.00||
|**Cape Verde-Sao**|||||||||||
|<br>**Tome y Principe**|86,609|0.03|***|0.00|**Laos**|156,926|-0.03|**|-0.01||
|<br>**Samoa**<br>**Belium-**|38,689|0.03|***|0.01|**Venezuela**|162,537|-0.03|***|0.00||
|**g**<br>**Luxembourg**|311,149|0.03|*|0.00|**Mexico**|3,607,198|-0.04|***|0.00||
|**Bosnia and**|||||||||||
|<br>**Herzegovina**|159,234|0.03||0.12|***<br>**Colombia**<br>**Central African**|723,293|-0.04|**|-0.02||
|**North Korea**|403,285|0.03|***|0.01|**Republic**<br>**Democratic Republic**|3,725|-0.04|**|0.00||
|**Brazil**|300,387|0.03|**|0.00|<br>**of Congo**|41,717|-0.04|***|-0.02||
|**Seychelles**|4,276|0.03|*|0.04|<br>**<br>**Malta**|90,044|-0.04|***|-0.02||
|**Korea**|1,211,822|0.03|**|0.00|**Suriname**|103,078|-0.04|***|-0.02||
|**Spain**|1,631,399|0.03|*|0.01|**Falklands**|647|-0.04|*|-0.02||
|**Papua New Guinea**|17,593|0.03|*|-0.02|**Israel**|125,829|-0.04|**|-0.02||
|**Sudan**|140,239|0.02|*|-0.02|**Mongolia**|2,118|-0.04|***|0.01||
|**Netherlands**|||||||||||
|**Antilles-Aruba**|65,811|0.02|***|0.02|**Djibouti**|1,369|-0.04|***|-0.03||
|**Bahrain**|<br>9,983|0.02|*|0.00|<br>**Gambia**|<br>8,351|-0.05|***|-0.03||
|**Thailand**|<br>168,634|0.02|*|0.02|**Vietnam**|<br>640,323|-0.05|***|-0.02||
|**Ecuador**|221,108|0.02|*|0.03|**<br>**Slovenia**|13,231|-0.05|***|-0.01||
|**Macao**|424,121|0.02|***|0.01|*<br>**Saudi Arabia**|56,140|-0.05|***|-0.05|***|
|**Algeria**|1,354,783|0.01||-0.01|**Estonia**|38,333|-0.06|**|-0.05|*|
|**Syria**|274,244|0.01||-0.04|**<br>**Slovakia**|106,463|-0.06|***|-0.15|***|
|**Malaysia**|494,239|0.00||-0.03|**<br>**Kazakhstan**|538,338|-0.08|**|0.01||

Superscripts ***, **, * denote statistical significance at 1, 5 and 10% respectively.

12. _Conclusion_ 29