| Economic Freedom factor | Coefficient | Std. Error | t value | Pr (>|t|) |
| Intercept | −13.838 | 2.595 | −5.332 | 7.90e−07*** |
| Investment freedom index (IF) | 0.195 | 0.029 | 6.823 | 1.24e−09*** |
| Property rights index (PR) | 1.773 | 0.269 | 6.591 | 3.49e−09*** |
| R | R2 | p-value | ||
| 0.606 | 0.597 | <2.2e−16 |