| Variable | VIF | 1/VIF |
| PUBLIC | 2.48 | 0.403 |
| OPEN | 1.90 | 0.526 |
| INFL | 1.75 | 0.571 |
| TERMTRADE | 1.73 | 0.579 |
| GDP | 1.68 | 0.594 |
| POL | 1. | 0.712 |
| Mean VIF | 1.82 | |