Variables/ Regressions

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Dependent Variables

GDP growth

X

X

X

X

X

X

X

X

X

X

X

X

Independent Variables

Competitiveness index

0.1000968**

(−2.07)

Labor cost

−0.0000346

(−1.52)

Political stability

−0.4859109

(−0.71)

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)