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L'étude montre également une relation significative avec les variables de contrôle, à savoir le PIB par habitant et le capital humain. Les résultats empiriques suggèrent que les pays peuvent attirer davantage d'IDE s'ils renforcent leurs institutions économiques malgré des déficiences en termes de taille de marché, d'ouverture commerciale et de niveau élevé de capital humain.
Toutefois, le niveau de développement semble avoir une importance égale à celle des institutions économiques et est significatif à tous les niveaux dans la région ALC. .
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