Governance and Institutions factor

Coefficient

Std. Error

t value

Pr (>|t|)

Intercept

9.4169

1.4446

6.519

4.81e−09***

Political stability index (PS)

3.5547

0.5865

6.061

3.59e−08***

Regulatory quality index (RQ)

−4.3879

1.364

−3.217

0.00183**

R

R2

p-value

0.3309

0.315

3.83E−08