Trade liberalization

Poverty Rate

Interactive variables

−0.2580*

Macroeconomic management index

4.4282

−1.7245

Commercial activity regulation index

16.0872*

−5.1464**

Transparency index

−12.5561*

1.0217

GDP Growth rate

0.1298

−0.1845

Time required to start an activity

0.0499

−0.1609**

Population growth rate

−2.0275

−0.2626

Constant

−28.4789***

89.9811*

Number of instruments

Wald chi2(11)

Prob > chi2

=49

=18.26

=0.0757