Variable

Parameter

Pr > χ2

Parameter

Pr > χ2

Parameter

Pr > χ2

Intercept

9.176

0.158

−7.870

0.009

4.343

0.481

Eco_stage

−2.351

0.046

−2.606

0.018

GDP_PPP

0.000

0.027

0.000

0.003

Institutions

−0.044

0.194

−0.074

0.026

−0.062

0.056

Press_freedom

−0.037

0.046

−0.044

0.016

−0.031

0.068

ELF

9.636

0.000

5.429

0.050

7.469

0.003

HDI

−0.016

0.640

−0.082

0.002

−0.044

0.183

R-squared

0.3309

0.3393

0.462

N

132

155

132