Variables

Coefficients

St Error

t-value

Probabilities

Quality of regulation

−1.029023*

0.3640882

−2.83

0.005

Control of corruption

0.9361411*

0.3555546

2.63

0.008

Political stability

−0.3228339*

0.1335763

−2.42

0.016

Rules and laws

0.9062091*

0.3101093

2.92

0.003

Ln(trade openness)

0.2302134

0.3166055

0.73

0.467

Ln(GDP)

0.1333766

0.1949469

0.68

0.494

N = 78

Wald chi2 (6) = 40.55

Prob > chi2 = 0.000

Pseudo R2 = 0.68

R-Squared = 0.7988