Table 2.

Correlation matrix of LA&C developing countries variables.

Variables	GFDIit	REMit	ODAit	TOit	POPit	INFit	EDUit	HEALTHit	EGit	HDIit
GFDIit	1
REMit	0.703	1
ODAit	0.673	0.423	1
TOit	−0.593	−0.462	−0.567	1
POPit	0.829	0758	0.625	−0.772	1
INFit	0.046	−0.026	−0.034	−0.099	0.156	1
EDUit	0.296	0.171	0.124	0.094	−0.010	−0.032	1
HEALTHit	0.501	0.359	0.236	−0.175	0.241	−0.012	0.529	1
EGit	0.683	0.489	0.381	−0.338	0.467	0.030	0.656	0.729	1
HDIit	0.552	0.376	0.278	−0.142	0.253	−0.005	0.881	0.801	0.913	1