Variables/ Regressions

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

Dependent Variables

Investments/GDP

X

X

X

X

X

X

X

X

X

X

X

X

Independent Variables

Competitiveness index

−0.3725403***

(−3.52)

Labor cost

−0.0001281**

(−2.53)

Political stability

0.5401663

(0.21)

Corporate income tax rate

−0.2495558**

(−2.26)

Ease of doing business

−0.0872892

(−0.62)