(1)

(2)

(3)

Variables

Corruption

Law

Competitiveness

egovernment

0.091

−0.695**

0.446**

(0.210)

(0.282)

(0.172)

pubinternet

0.004**

0.000

0.003**

(0.001)

(0.001)

(0.001)

ictbusiness

−0.004

0.008**

0.001

(0.003)

(0.003)

(0.003)

lngdp

0.302**

0.291**

0.225***

(0.134)

(0.138)

(0.063)

expense

0.003

0.006*

−0.007***

(0.003)

(0.003)

(0.002)

lninfdi

0.002

−0.007

−0.009

(0.008)

(0.007)

(0.005)

Constant

−2.160

−1.933

2.333***

(1.570)

(1.393)

(0.663)

Observations

204

204

171

R-squared

0.194

0.195

0.536

Hausman Test

54.18***

9.60*

12.90**

Number of Country Code

23

23

23