| Variables | Variable Definition | Model Notation | Source |
| Dependent Variables |
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| Control of corruption | The quality of governance to combat and prevent corruption | corruption | |
| Rule of Law | The extent to which countries adhere to the rule of law in practice | law | |
| Competitiveness Index | The ability of a region to export more in value-added terms than it imports | competitiveness | |
| Independent Variables |
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| E-Government Development Index | The readiness and capacity of national institutions to use ICTs to deliver public services | egovernment | |
| Human Capital Index | The citizens’ ability to use e-government services | hci | |
| Percentage of Individuals using the internet for interaction with public authorities | Individuals using the internet for interaction with public authorities | pubinternet | |
| ICT access for business | Businesses with a website or home page (%) | ictbusiness | |
| GDP per Capita | Gross domestic product per capita converted to international dollars using purchasing power parity rates | gdp | |
| Expense % GDP | Cash payments for operating activities of the government in providing goods and services | expense | |
| FDI net inflows (BoP, current US$) | Foreign direct investment net inflows | Infdi | |
| FDI net outflows (BoP, current US$) | Foreign direct investment net outflows | outfdi | |