Exogenous variables
Coefficients
corruption 
−2.9642***
civil liberty 
−4.002*
human capital 
−0.089
private investment 
0.373*
Commercial opening 
0.0607
Public spending 
−0.0007
Constant
22.067*
| Exogenous variables | Coefficients |
| corruption | −2.9642*** |
| civil liberty | −4.002* |
| human capital | −0.089 |
| private investment | 0.373* |
| Commercial opening | 0.0607 |
| Public spending | −0.0007 |
| Constant | 22.067* |