Dependent Variables
Call Bid-Ask Spread
Put Bid-Ask Spread	(8)	(9)	(10)	(11)	(12)	(13)	(14)
Volume
Open Interest
Implied Volatility
Independent Variables
Unemployment (%)		2.101969***
Unemployment (%)		(0.3268943)
Freedom from Corruption				−0.8063508*
Freedom from Corruption				(0.1397484)
Business Freedom	−1.069185*
Business Freedom	(0.5422312)
Financial Freedom					−0.8867756*
Financial Freedom					(0.4565407)
Public Debt % Of GDP						0.3305203*
Public Debt % Of GDP						(0.1211476)
GDP per capita							−0.0011759*
GDP per capita							(0.0006577)
Property rights			−1.000618**
Property rights			(0.1824788)
Constant	102.8538**	−4.350308	95.47905***	74.01295***	76.43632**	−12.72088	59.05018*
Constant	(49.3788)	(5.029552)	(16.77442)	(12.68622)	(33.72155)	(9.346081)	(28.22754)