Table 3 Regression results: doing business (trade and technology rights)

Constant

0.352

(0.671)

0.656***

(0.116)

0.412***

(0.151)

0.779*

(0.303)

0.930***

(0.263)

2.481**

(1.642)

Educatex

0.671**

(0.172)

− 0.372**

(0.134)

1.755

(1.311)

2.869

(1.844)

1.731**

(0.552)

0.301

(0.164)

Creditex

− 0.867 **

(0.484)

− 0.881***

(0.173)

0.697

(0.438)

− 0.687

(2.242)

1.223*

(0.471)

1.631

(1.293)

Innovex

1.221

(1.824)

− 0.111 **

(0.051)

− 1.727***

(0.491)

0.711**

(0.325)

1.334***

(0.576)

− 0.721**

(0.235)

Instireg

1.137

(1.241)

− 0.732

(0.646)

0.254

(0.295)

0.096

(1.536)

1.682

(1.823)

1.745

(1.253)

ICTex

− 0.811**

(0.357)

− 0.532***

(0.126)

0.666

(0.327)

1.785***

(0.598)

2.041

(1.734)

1.536**

(0.682)

Inflation

− 0.819**

(0.342)

− 2.498***

(0.763)

− 2.753

(1.796)

0.491**

(0.138)

1.783

(1.652)

3.225**

(1.687)

GDPg

− 1.148

(0.918)

− 0.372

(0.825)

− 0.238

(0.513)

0.402**

(0.115)

1.584

(0.876)

0.770**

(0.235)

GExp

2.932

(1.863)

1.965

(1.438)

3.556 **

(1.501)

− 0.271

(0.207)

− 0.922**

(0.365)

− 0.308

(0.175)

No. of obs

102

244

220

198

209

129

R²

0.35

0.337

0.29

0.22

0.39

0.66

F-stat

15.34

39.72

11.31

4.25

15.93

43.21

Prob(F-stat)

0.00

0.00

0.00

0.001

0.00

0.00