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Appendix 3

Partial correlation coefficients: “Ease of Doing Business”, “Economic Freedom” and “World Competitiveness” rankings

The first two columns of the table present the partial correlation coefficients between the ranking of APEC economies in each of the 10 individual “ease of doing business” indicators and the composite overall ranking.

The second two columns present the partial correlation coefficients between the ranking of APEC economies in each of the 10 individual “economic freedom” indicators and the composite overall ranking.

The last two columns present the partial correlation coefficients between the ranking of APEC economies in each of the 4 individual “work competitiveness” indicators and the composite overall ranking.

Table 3: Partial correlation coefficients: “Ease of Doing Business”, “Economic Freedom” and “World Competitiveness” rankings
Ease of Doing Business Index, 2006 Economic Freedom Index, 2007 World Competitiveness Yearbook, 2007
Starting a Business 0.792 Regulation 0.828 Economic performance 0.756
Dealing with Licenses 0.649 Trade 0.778 Government efficiency 0.894
Employing Workers 0.706 Fiscal 0.088 Business efficiency 0.939
Registering property 0.581 Government 0.267 Infrastructure 0.863
Getting credit 0.842 Monetary 0.854    
Protecting investors 0.765 Investment 0.879    
Paying taxes 0.784 Financial 0.813    
Trading across borders 0.590 Property Rights 0.923    
Enforcing contracts 0.694 Corruption 0.918    
Closing a business 0.854 Labour 0.682    
Overall ranking 1.000 Overall ranking 1.000 Overall ranking 1.000

Note: Economies included where data are available.


Table 4: Partial correlation coefficients: Economic performance and “Ease of Doing Business”, “Economic Freedom” and “World Competitiveness” rankings
  Labour productivity, 2005 Real average GDP per capita, 2000-2005
Ease of Doing Business ranking 0.789 0.756
Economic Freedom ranking 0.796 0.814
World Competitiveness yearbook ranking 0.752 0.766

Source: World Economic Outlook Database, IMF; Ease of Doing Business Database, World Bank; Index of Economic Freedom Database; and World Competitiveness Yearbook, IMD Business School.

Note: Economies included where data are available.

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