Property_rights

This indicator measures the degree to which private property rights is respected in the economy. It also reflects the extent to which the judicial system is independent. A higher score expresses more legal protection of property.

Economic Freedom Heritage Fundation (2016)

Freedom_from_corruption

Evaluates the extent to which government regulation and the operating principles of public administrations foster an environment of corruption in the business climate.

Economic Freedom Heritage Fundation (2016)

Fiscal_freedom

It is a measurement of tax burden derived from government taxation. The lower the tax burden, the greater the incentive for entrepreneurs to invest.

Economic Freedom Heritage Fundation (2016)

Government_spending

Evaluates the extent to which government spending influences the business environment whether in terms of eviction or distortions in the functioning of the economy. To this end, excessive expenditure is akin to a reduction in economic freedoms.

Economic Freedom Heritage Fundation (2016)

Business_freedom

This variable reflects the freedom to create and operate a business. It reflects the extent to which public regulation and the business environment affect entrepreneurship. Thus, more business freedom should facilitate the creation of formal enterprises.

Economic Freedom Heritage Fundation (2016)

Monetary_freedom

It is an indicator of price stability and control, which promotes a certain security in terms of preserving the value of investments and wealth. A high value of this variable reflects a more stable monetary policy.

Economic Freedom Heritage Fundation (2016)

Trade_freedom

It reflects the extent to which the opening of the local economy to the international market is not constrained by public regulation, particularly in terms of trade taxation and non-tariff barriers. It is especially important for companies with a broad development plan but is an important indicator of the freedom of foreign trade

Economic Freedom Heritage Fundation (2016)

Investment_freedom

Measures freedom of investment, particularly in terms of creating opportunities, facilitating research and development, and free movement of capital. More investment freedom favors the creation of companies

Economic Freedom Heritage Fundation (2016)

Financial_freedom

Measures the accessibility and efficiency of the financial system, particularly with regard to credit, savings and payments.

Economic Freedom Heritage Fundation (2016)

Government_stability

Measures the ability of the government to effectively manage its projects and programs and remain in place. The higher the score, the more effective and stable the government

International Country Risk Guide (ICRG, 2012)

Socioeconomic_conditions

Measures the influence of social and economic pressures on the effectiveness of government. The higher it is, the less social governance constraints the governance and therefore the more effective it is

International Country Risk Guide (ICRG, 2012)

Investment_profile

Indicates the risk of loss of investment due factor other than political, economic and financial risks. These factors include contract viability, profit repartition and payment delays. A high score (4) reflects a low risk and a low score (0) reflects a high risk

International Country Risk Guide (ICRG, 2012)

Internal_conflict

It expresses the existence of civic and political violence and their ability to impede good governance. A high score (4) signifies an absence of armed or civil opposition against the government and that the latter does not exert violence on the population. At the extreme, a low score (0) reflects the existence of civil war in the country

International Country Risk Guide (ICRG, 2012)