Table 4.
Correlation coefficients.
| Variables | GI | DPP | IPP | EP | ER | PGDP | UR | ST | FDI | ECS |
|---|---|---|---|---|---|---|---|---|---|---|
| GI | 1.000 | |||||||||
| DPP | 0.410∗∗∗ | 1.000 | ||||||||
| IPP | 0.192∗∗∗ | 0.539∗∗∗ | 1.000 | |||||||
| EP | 0.149∗∗∗ | 0.438∗∗∗ | 0.343∗∗∗ | 1.000 | ||||||
| ER | 0.699∗∗∗ | 0.312∗∗∗ | 0.113∗ | −0.005 | 1.000 | |||||
| PGDP | 0.499∗∗∗ | 0.074 | −0.008 | −0.143∗∗ | 0.576∗∗∗ | 1.000 | ||||
| UR | 0.470∗∗∗ | −0.019 | −0.111∗ | −0.295∗∗∗ | 0.594∗∗∗ | 0.777∗∗∗ | 1.000 | |||
| ST | 0.458∗∗∗ | −0.065 | −0.150∗∗∗ | −0.188∗∗∗ | 0.595∗∗∗ | 0.614∗∗∗ | 0.745∗∗∗ | 1.000 | ||
| FDI | 0.646∗∗∗ | 0.527∗∗∗ | 0.303∗∗∗ | 0.195∗∗∗ | 0.569∗∗∗ | 0.486∗∗∗ | 0.492∗∗∗ | 0.239∗∗∗ | 1.000 | |
| ECS | −0.331∗∗∗ | −0.170∗∗∗ | −0.078 | −0.131∗∗ | −0.566∗∗∗ | −0.332∗∗∗ | −0.348∗∗∗ | −0.385∗∗∗ | −0.313∗∗∗ | 1.000 |
∗Significant at the 10% level. ∗∗ Significant at the 5% level. ∗∗∗ Significant at the 1% level.