Path Coefficient β

T Statistics

P Values

0.025%

0.975%

Remarks

H1. C. Corruption -> Ease of Doing Business

0.223

2.917

0.004**

0.075

0.371

significant

H2. Democracy -> C. Corruption

0.25

3.807

0*

0.118

0.384

significant

H3. Democracy -> Ease of Doing Business

0.023

0.357

0.721

−0.116

0.158

Not significant

H4. Democracy -> Peace and Stability

0.327

4.731

0*

0.191

0.468

significant

H5. Peace and Stability -> C. Corruption

0.49

7.318

0*

0.349

0.621

significant

H6. Peace and Stability -> Ease of Doing Business

0.325*

4.322

0*

0.183

0.468

significant

Residual Statistics

R²

Q²

C. Corruption

0.529

0.526

Ease of Doing Business

0.294

0.287

Peace and Stability

0.132

0.13