Pairwise correlation matrix of the key variables of the model over the period 2000–2016
| WIAG | BEFF | GDPPC | Taxes | Transfers | POPDENS | Time | |
|---|---|---|---|---|---|---|---|
| WIAG | 1.000 | ||||||
| BEFF | 0.21*** | 1.000 | |||||
| GDPPC | 0.05** | 0.13*** | 1.000 | ||||
| Taxes | 0.05** | 0.04 | −0.02 | 1.000 | |||
| Transfers | −0.08*** | −0.2*** | 0.1*** | −0.1*** | 1.000 | ||
| POPDENS | 0.15*** | 0.13*** | −0.33*** | 0.038 | −0.15*** | 1.000 | |
| Time | 0.67*** | 0.10*** | −0.032 | 0.05** | −0.05** | 0.023 | 1.000 |
| WIAG | BEFF | GDPPC | Taxes | Transfers | POPDENS | Time | |
|---|---|---|---|---|---|---|---|
| WIAG | 1.000 | ||||||
| BEFF | 0.21*** | 1.000 | |||||
| GDPPC | 0.05** | 0.13*** | 1.000 | ||||
| Taxes | 0.05** | 0.04 | −0.02 | 1.000 | |||
| Transfers | −0.08*** | −0.2*** | 0.1*** | −0.1*** | 1.000 | ||
| POPDENS | 0.15*** | 0.13*** | −0.33*** | 0.038 | −0.15*** | 1.000 | |
| Time | 0.67*** | 0.10*** | −0.032 | 0.05** | −0.05** | 0.023 | 1.000 |
Note(s): Stars indicate the p-value: *p < 0.10, **p < 0.05, ***p < 0.01
Source(s): Authors’ own elaboration
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