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.gov website belongs to an official
government organization in the United States.
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Multicollinearity in the model
| Term | VIF | Final VIF |
|---|---|---|
| GDP | 5.62 | 2.85 |
| GDP Growth | 1.75 | 1.72 |
| GDP per Capita | 4.7 | 4.57 |
| Foreign Direct Investment | 10.79 | - |
| R&D Expenditure | 3.02 | 3.02 |
| Employment Rate | 1.15 | 1.15 |
| Population with Bachelor’s Degree | 3.88 | 3.83 |
| Population Density | 1.59 | 1.56 |
| Urban Population | 4.04 | 3.90 |
| Internal Private Credit | 4.16 | 3.94 |
