Variable | Coefficient | Std. Error | t value | Pr (>|t|) |
Intercept | −4.340 | 1.451 | −2.991 | 0.00369** |
Gross Product Domestic Growth (GDP) | 0.179 | 0.039 | 4.558 | 1.83e−05*** |
Exchange rate (ER) | 0.093 | 0.008 | 11.626 | <2e−16*** |
Political stability index (PS) | −0.095 | 0.425 | −0.224 | 0.82307 |
Regulatory quality index (RQ) | 1.969 | 0.696 | 2.828 | 0.00591** |
Bank lending-deposit interest rate spread (BLIS) | −0.124 | 0.029 | −4.241 | 5.93e−05*** |
Investment freedom index (IF) | 0.048 | 0.023 | 2.105 | 0.03847* |
Property rights index (PR) | 1.295 | 0.137 | 9.473 | 1.04e−14*** |
R | R2 | p-value | ||
0.926 | 0.919 | <2.2e−16 |