Labor cost |
| 0.0042334 (1.63) |
|
|
|
|
|
|
|
|
|
|
Political stability |
|
| −31.90608 (−0.42) |
|
|
|
|
|
|
|
|
|
Corporate income tax rate |
|
|
| 16.65261*** (−2.26) |
|
|
|
|
|
|
|
|
Ease of doing business |
|
|
|
| 3.924996 (0.59) |
|
|
|
|
|
|
|
Corruption |
|
|
|
|
| 7.490989 (1.08) |
|
|
|
|
|
|
Labor unions |
|
|
|
|
|
| −1.884984 (−0.74) |
|
|
|
|
|
Pensioners |
|
|
|
|
|
|
| 349.5287 (0.33) |
|
|
|
|
Unemployment |
|
|
|
|
|
|
|
| −4.251111 (−0.38) |
|
|
|
Pensions as % of GDP |
|
|
|
|
|
|
|
|
| 17.20383 (1.42) |
|
|
Profit tax |
|
|
|
|
|
|
|
|
|
| 5.372116* (1.82) |
|
Public debt |
|
|
|
|
|
|
|
|
|
|
| 1.686894 (1.45) |
Constant | −1159.922** (−2.38) | 25.82262 (0.36) | 143.9061** (2.32) | −313.6915*** (−2.67) | −163.6085 (−0.33) | −48.4889 (−0.29) | 184.2301** (2.38) | 38.74439 (0.14) | 161.1496 (1.51) | −19.79404 (−0.17) | −127.1965 (−0.90) | 18.56196 (0.23) |
Observations | 20 | 19 | 20 | 19 | 19 | 19 | 18 | 19 | 20 | 18 | 20 | 20 |
Adjusted R-squared | 0.2383 | 0.0847 | −0.0452 | 0.4361 | −0.0376 | 0.0094 | −0.0276 | −0.0519 | −0.0470 | 0.0564 | 0.1090 | 0.0546 |