Corporate income tax rate |
|
|
| −0.172543*** (−5.78) |
|
|
|
|
|
|
|
|
Ease of doing business |
|
|
|
| 0.0490236 (0.86) |
|
|
|
|
|
|
|
Corruption |
|
|
|
|
| −0.0237533 (−0.38) |
|
|
|
|
|
|
Labor unions |
|
|
|
|
|
| −0.0201234 (−0.96) |
|
|
|
|
|
Pensioners |
|
|
|
|
|
|
| −3.977668 (−0.44) |
|
|
|
|
Unemployment |
|
|
|
|
|
|
|
| 0.1160417 (0.253) |
|
|
|
Pensions as % of GDP |
|
|
|
|
|
|
|
|
| −0.2389356*** (−2.69) |
|
|
Profit tax |
|
|
|
|
|
|
|
|
|
| −0.0445637 (−1.62) |
|
Public debt |
|
|
|
|
|
|
|
|
|
|
| −0.0344635*** (−4.39) |
Constant | 11.96298** (2.53) | 2.927022*** (4.67) | 2.530778*** (4.49) | 6.667286*** (8.19) | −1.545067 (−0.36) | 2.652415* (1.77) | 2.516254*** (3.95) | 3.10623 (1.33) | 1.148496 (1.21) | 4.129921*** (4.91) | 4.2754*** (3.26) | 4.327178*** (8.10) |
Observations | 20 | 19 | 20 | 19 | 19 | 19 | 18 | 19 | 20 | 18 | 20 | 20 |
Adjusted R-squared | 0.1466 | 0.0679 | −0.0270 | 0.6427 | −0.0151 | −0.0498 | −0.0052 | −0.0470 | 0.0204 | 0.2681 | 0.0790 | 0.4907 |