|
| (1) | (2) | (3) |
| VARIABLES | SLE | SLE | SLE |
| Political Stability | 0.719*** (0.132) |
| 0.413*** (0.139) |
| Control of corruption |
| 1.413*** (0.176) | 1.232*** (0.188) |
| GDP | 2.07e−13 (9.25e−14) | 1.21e-13 (9.04e−14) | 1.28e−13 (8.94e−14) |
| FDI | −3.69e−12 (1.62e−12) | −3.24e−12 (1.57e−12) | −3.48e−12 (1.58e−12) |
| Year fixed effect | Yes** | Yes** | Yes** |
| Constant | 13.012*** (0.246) | 12.928*** (0.234) | 12.978*** (0.227) |
| Observations | 461 | 461 | 461 |
| R-squared | 0.423 | 0.495 | 0.526 |