(1)

(2)

(3)

Variables

Corruption

Law

Competitiveness

egovernment

0.248

−0.698**

0.469***

(0.169)

(0.280)

(0.159)

pubinternet

0.003**

0.001

0.003**

(0.002)

(0.001)

(0.001)

ictbusiness

−0.004

0.007**

0.003

(0.004)

(0.003)

(0.004)

lngdp

0.310**

0.288**

0.255***

(0.129)

(0.130)

(0.077)

expense

0.004

0.006*

−0.005**

(0.003)

(0.003)

(0.002)

lnoutfdi

0.012

0.003

−0.002

(0.013)

(0.014)

(0.007)

Constant

−2.537

−2.102

1.711**

(1.490)

(1.315)

(0.813)

Observations

192

192

161

R-squared

0.234

0.185

0.507

Hausman Test

45.52

-

-

Number of Country Code

23

23

23