| Variable | LLC Statistic | Result |
| Inward FDI | −0.73402 | unstable |
| Tourists | −4.45539*** | stable |
| GDP | −1.79978** | stable |
| Corruption | −2.30570** | stable |
| Fair competition | −1.11622 | unstable |
| ΔFDI | −5.79092*** | stable |
| ΔTourists | 8.43146*** | stable |
| ΔGDP | 9.29000*** | stable |
| ΔCorruption | −13.2120*** | stable |
| ΔFair competition | −3.16705*** | stable |