Effect (β)

T Statistics

P Values

C. Corruption -> Ease of Doing Business

0.223

2.917

0.004**

Democracy -> C. Corruption

0.41

6.528

0*

Democracy -> Ease of Doing Business

0.221

3.778

0*

Democracy -> Peace and Stability

0.327

4.731

0*

Peace and Stability -> C. Corruption

0.49

7.318

0*

Peace and Stability -> Ease of Doing Business

0.434

5.453

0*