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Die Studie zeigt auch einen signifikanten Zusammenhang mit Kontrollvariablen, nämlich dem Pro-Kopf-BIP und dem Humankapital. Die empirischen Ergebnisse deuten darauf hin, dass ein Land mehr ausländische Direktinvestitionen anziehen kann, wenn es seine wirtschaftlichen Institutionen trotz Defiziten bei der Marktgröße, der Handelsoffenheit und dem hohen Niveau des Humankapitals verbessert.
Das Entwicklungsniveau scheint jedoch ebenso wichtig zu sein wie das der wirtschaftlichen Institutionen und ist in Lateinamerika und der Karibik auf allen Ebenen signifikant. .
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