Table 2 Regression results of starting a business

Constant

0.226 **

(0.057)

0.806

(0.694)

0.547*

(0.234)

1.561**

(0.657)

Educatex

− 0.870**

(0.225)

− 0.574**

(0.173)

0.772

(0.642)

1.746**

(0.721)

Creditex

− 0.857**

(0.249)

− 0.142

(0.748)

0.969**

(0.258)

0.187

(0.149)

Innovex

1.353 **

(0.336)

− 0.442

(0.172)

0.984 ***

(0.165)

− 0.553***

(0.135)

Instireg

0.677***

(0.155)

0.803

(0.702)

0.618***

(0.141)

− 2.234***

(0.873)

ICTex

− 0.714**

(0.254)

0.374

(0.607)

0.754***

(0.104)

0.147

(0.241)

Inflation

0.432*

(0.151)

− 1.850

(1.872)

− 1.091

(1.252)

− 0.285**

(0.141)

GDPg

− 0.177

(0.231)

− 0.398**

(0.059)

0.405

(0.643)

0.272**

(0.190)

GExp

− 1.738

(1.503)

− 0.865**

(0.213)

− 2.864

(1.535)

− 0.254**

(0.073)

No. of obs

194

244

176

158

R²

0.22

0.27

0.54

0.39

F-stat

4.63

4.46

6.62

3.54

Prob(F-stat)

0.002

0.002

0.00

0.013