| Variable | VIF | 1/VIF |
| OPEN | 4.40 | 0.227 |
| TERMTRAD | 3.82 | 0.262 |
| CAPTINF | 2.16 | 0.463 |
| REMITT | 1.50 | 0.669 |
| PUBLIC | 1.28 | 0.782 |
| REER |
|
|
| Mean VIF | 2.63 | |