| Variable | VIF | 1/VIF |
| finfree | 3.91 | 0.2560 |
| invfree | 3.12 | 0.3207 |
| monfree | 2.99 | 0.3347 |
| bufree | 1.98 | 0.5044 |
| tradfree | 1.76 | 0.5685 |
| labfree | 1.74 | 0.5748 |
| gdpdef | 1.41 | 0.7113 |
| lngdp1 | 1.37 | 0.7315 |
| gdpper | 1.18 | 0.8464 |
| gdpgrow | 1.17 | 0.8560 |
| polgov | 1.17 | 0.8578 |
| Mean VIF | 1.98 |
|