Table 2.

Correlation estimates

	FOR	INF	BE	Gini	GDPG
SME formal financing	1
SME informal financing	0.0518*	1
Business environment	0.2138*	0.1636*	1
Gini	0.0282*	0.2536*	0.0178*	1
GDP growth	0.2079*	0.2631*	0.3712*	0.33957*	1
Significance at p-value < 0.05