Variables/ Regressions

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

Dependent Variables

Public Debt

X

X

X

X

X

X

X

X

X

X

Independent Variables

Competitiveness Index

1.129414

(0.92)

Imports

−0.0103349

(−0.69)

Gross fixed capital formation

0.0592634

(1.34)

Investments/ GDP

−5.840119***

(−3.51)

Consumption

−0.0003959

(−0.04)

Labor cost

0.0006696

(1.31)

Exports

−0.0101425

(−0.71)

CPI

3.086321

(1.35)

FDI inflows

0.0003091

(0.88)

GDP

0.0121413

(1.31)

Constant

−48.24271

(−0.40)

66.29429***

(7.40)

54.93577***

(6.21)

198.8667***

(5.07)

62.77113***

(6.37)

46.38795***

(3.30)

66.32763***

(7.49)

−227.0245

(−1.06)

56.92387

(6.02)

55.37289***

(6.35)

Observations

19

19

19

19

19

19

19

19

19

19

Adjusted R-squared

−0.0084

−0.0302

0.0422

0.3857

−0.0587

0.0387

−0.0281

0.0435

−0.0130

0.0380