Table 6.

Relative importance (RI) analysis

	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
GDP (GDP)	1.8 % [6]	3.0 % [6]	1.3 % [6]	1.9 % [6]	3.0 % [6]	2.5 % [6]	2.3 % [6]	1.6 % [6]	1.8 % [6]
GDP growth rate (GDPRATE)	1.4 % [7]	1.1 % [7]	0.6 % [7]	1.4 % [7]	1.1 % [7]	1.2 % [7]	1.1 % [7]	1.2 % [7]	1.0 % [7]
Education (EDU)	6.3 % [4]	8.8 % [3]	4.7 % [4]	7.3 % [4]	7.9 % [4]	9.1 % [3]	8.1 % [4]	6.3 % [4]	7.1 % [4]	9.2 % [4]
Human rights (RIGHTS)	15.4 % [3]	21.2 % [2]	11.7 % [3]	15.4 % [3]	17.6 % [3]	22.5 % [2]	19.3 % [2]	15.7 % [3]	17.9 % [3]
Population density (POP)	4.1 % [5]	5.0 % [5]	2.6 % [5]	4.6 % [5]	4.8 % [5]	4.9 % [4]	5.5 % [5]	3.1 % [5]	4.3 % [5]
Social comparison of income (SCI)	39.4 % [1]	54.3 % [1]	29.0 % [2]	32.4 % [2]	45.0 % [1]	55.7 % [1]	50.1 % [1]	43.6 % [1]	47.6 % [1]	8.7 % [5]
In-group collectivism (ING)	31.7 % [2]									8.5 % [6]
Institutional collectivism (INC)		6.6 % [4]								1.7 % [10]
Power distance (PDI)			50.0 % [1]							23.6 % [1]
Gender Egalitarianism (GEI)				37.1 % [1]						17.2 % [2]
Uncertainty Avoidance (UAI)					20.7 % [2]					6.1 % [8]
Assertiveness (AOI)						4.0 % [5]				1.6 % [11]
Future orientation (FOI)							13.6 % [3]			3.9 % [9]
Humane orientation (HOI)								28.4 % [2]		8.1 % [7]
Performance orientation (POI)									20.3 % [2]	11.4 % [3]
Combinations	127	127	127	127	127	127	127	127	127	2,047

(1) Column 1 in the table shows the indicators of Relative Importance (RI) of each variable. We first break down the model R-squared into shares from individual regressors and, the RI of the j th variable is its share in explaining the dependent variable variance. See Grömping (2007) for details. The relative ranking of each variable is presented in brackets. (2) In column (12), 9.2 % denotes the RI of a set of variables, including GDP, GDPRATE, EDU, RIGHTS and POP