| Variable | Parameter | Pr > χ2 | Parameter | Pr > χ2 | Parameter | Pr > χ2 |
| Intercept | 11.786 | 0.427 | 9.743 | 0.692 | 2.171 | 0.911 |
| Eco_stage | −4.724 | 0.072 | −4.637 | 0.098 | ||
| GDP_PPP | 0.000 | 0.608 | 0.000 | 0.573 | ||
| Institutions | −0.158 | 0.002 | −0.198 | 0.013 | −0.152 | 0.006 |
| Press_freedom | 0.020 | 0.560 | −0.004 | 0.944 | 0.013 | 0.710 |
| ELF | 12.140 | 0.003 | 4.338 | 0.490 | 11.722 | 0.006 |
| HDI | 0.021 | 0.775 | 0.072 | 0.637 | −0.034 | 0.754 |
| R-squared | 0.4934 | 0.2134 | 0.497 | |||
| N | 33 | 45 | 33 |