Table 2.
Correlation matrix.
| Correlation | SE | Income | Unem | Urban | Trade | FDI | TR1 | TR2 | TR3 | TR4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | −0.70*** | 1.00 | ||||||||
| p-value | 0.00 | |||||||||
| Unem | 0.02 | 0.07*** | 1.00 | |||||||
| p-value | 0.31 | 0.00 | ||||||||
| Urban | −0.51*** | 0.84*** | 0.07*** | 1.00 | ||||||
| p-value | 0.00 | 0.00 | 0.00 | |||||||
| Trade | −0.17*** | 0.22*** | 0.01 | 0.18*** | 1.00 | |||||
| p-value | 0.00 | 0.00 | 0.64 | 0.00 | ||||||
| FDI | −0.04** | 0.08*** | 0.00 | 0.10*** | 0.29*** | 1.00 | ||||
| p-value | 0.03 | 0.00 | 0.97 | 0.00 | 0.00 | |||||
| TR1 | −0.23*** | 0.26*** | −0.04** | 0.23*** | −0.17*** | −0.06*** | 1.00 | |||
| p-value | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | ||||
| TR2 | −0.12*** | 0.21*** | 0.09*** | 0.15*** | 0.06*** | 0.04* | 0.40*** | 1.00 | ||
| p-value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | |||
| TR3 | 0.10*** | −0.18*** | −0.04* | −0.17*** | 0.17*** | 0.03 | 0.19*** | 0.37*** | 1.00 | |
| p-value | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | ||
| TR4 | −0.05*** | 0.17*** | 0.04* | 0.14*** | 0.20*** | 0.15*** | 0.25*** | 0.89*** | 0.23*** | 1.00 |
| p-value | 0.01 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TR5 | −0.11*** | 0.16*** | 0.09*** | 0.18*** | 0.35*** | 0.11*** | −0.08*** | 0.29*** | 0.15*** | 0.23*** |
| p-value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Notes: *, **, *** are significant levels at 10 %, 5 %, and 1 %, respectively.