Variables/ Regressions

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Dependent Variables

FDI inflows

X

X

X

X

X

X

X

X

X

X

X

X

Independent Variables

Competitiveness index

2295.974***

(4.39)

Labor cost

0.8107469***

(2.69)

Political stability

−2708.181

(−0.28)

Corporate income tax rate

1318.171*

(1.90)

Ease of doing business

1505.444*

(1.91)

Corruption

1889.421**

(2.35)

Labor unions

27.4878

(0.08)

Pensioners

−196407.7

(−1.55)

Unemployment

−1633.421

(−1.19)

Pensions as % of GDP

−1273.632

(−0.78)

Profit tax

−5.115105

(−0.01)