Variables/ Regressions

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Dependent Variables

Unemployment

X

X

X

X

X

X

X

X

X

X

X

Independent Variables

Competitiveness index

−0.2262341*

(−2.01)

Labor cost

−0.0001391***

(−2.83)

Political stability

−3.207998**

(−2.26)

Corporate income tax rate

−.0463539

(−0.37)

Ease of doing business

−0.2973682**

(−2.39)

Corruption

−0.3943478***

(−3.30)

Labor unions

−0.0869726*

(−1.71)

Pensioners

−9.452453

(−0.42)

Pensions as % of GDP

0.1882686

(0.70)