Table 2.

Unconditional correlations between main variables

Correlation	TFP	TFPc	EP1	EP2	EP3	EP4	EP5	EP6	Cap	HC	Trade	FDI
TFP	1.000
TFPc	0.138	1.000
p value	0.000
EP1	−0.022	−0.489	1.000
p value	0.566	0.000
EP2	−0.007	−0.499	0.829	1.000
p value	0.847	0.000	0.000
EP3	−0.015	−0.446	0.787	0.946	1.000
p value	0.701	0.000	0.000	0.000
EP4	0.003	−0.394	0.704	0.925	0.820	1.000
p value	0.928	0.000	0.000	0.000	0.000
EP5	0.260	0.180	−0.188	−0.152	−0.131	−0.128	1.000
p value	0.000	0.000	0.000	0.000	0.001	0.001
EP6	0.113	0.460	−0.833	−0.729	−0.727	−0.615	0.423	1.000
p value	0.004	0.000	0.000	0.000	0.000	0.000	0.000
Cap	−0.319	−0.236	−0.123	−0.056	−0.084	−0.028	0.173	0.154	1.000
p value	0.000	0.000	0.001	0.132	0.028	0.457	0.000	0.000
HC	−0.038	0.391	−0.723	−0.806	−0.731	−0.723	0.081	0.674	0.071	1.000
p value	0.310	0.000	0.000	0.000	0.000	0.000	0.042	0.000	0.057
Trade	−0.036	−0.008	−0.060	−0.025	0.034	−0.084	0.073	0.130	0.244	0.051	1.000
p value	0.336	0.831	0.122	0.507	0.374	0.024	0.066	0.001	0.000	0.174
FDI	0.028	−0.088	0.027	0.104	0.142	0.104	−0.068	−0.006	−0.092	−0.121	0.315	1.000
p value	0.448	0.018	0.492	0.005	0.000	0.005	0.086	0.890	0.014	0.001	0.000