Table A3 Pairwise correlations Real GDP...

Table A3

Pairwise correlations

	Real GDP	Number of person engaged	Capital stock	CO₂ pc	Nitrous	Electric power consumption	Trade freedom	Urban population	Government stability	Socioeconomic conditions	Investment profile	Internal conflict	External conflict	Corruption
Real GDP	1.00
Number of person engaged	0.08^**	1.00
Capital stock	1.00^***	0.08^***	1.00
CO₂ pc	−0.06^*	−0.07^**	−0.06^*	1.00
Nitrous	0.12^***	0.91^***	0.13^***	−0.04	1.00
Electric power consumption	0.01	0.14^***	0.02	0.11^***	0.14^***	1.00
Trade freedom	−0.24^***	−0.18^***	−0.25^***	0.09^***	−0.18^***	0.08^**	1.00
Urban population	0.01	0.03	0.01	0.05	0.04	0.06^**	0.01	1.00
Government stability	0.02	−0.04	0.02	−0.15^***	−0.07^**	−0.09^***	−0.50^***	−0.06^*	1.00
Socioeconomic conditions	−0.09^***	−0.10^***	−0.09^***	0.16^***	−0.10^***	0.24^***	0.24^***	0.23^***	−0.01	1.00
Investment profile	−0.08^***	−0.09^***	−0.09^***	0.11^***	−0.15^***	0.12^***	0.20^***	0.12^***	0.11^***	0.62^***	1.00
Internal conflict	0.15^***	−0.34^***	0.15^***	0.02	−0.27^***	0.01	−0.16^***	0.07^**	0.22^***	0.23^***	0.13^***	1.00
External conflict	0.01	−0.19^***	0.01	0.11^***	−0.10^***	0.05	0.10^***	0.01	−0.14^***	0.12^***	−0.05	0.45^***	1.00
Corruption	−0.01	−0.14^***	−0.01	0.16^***	−0.04	0.10^***	0.04	0.24^***	−0.05	0.47^***	0.06^**	0.40^***	0.43^***	1.00
Military in politics	−0.04	−0.17^***	−0.04	0.21^***	−0.12^***	0.23^***	0.12^***	0.17^***	−0.08^***	0.56^***	0.33^***	0.52^***	0.53^***	0.56^***
Religious tensions	0.04	−0.06^**	0.04	0.02	−0.06^*	−0.09^***	−0.03	0.12^***	0.08^***	0.19^***	0.07^**	0.34^***	0.21^***	0.36^***
Law and order	−0.04	−0.20^***	−0.04	0.16^***	−0.11^***	0.12^***	0.03	0.22^***	−0.00	0.57^***	0.21^***	0.46^***	0.42^***	0.73^***
Ethnic tensions	0.18^***	−0.22^***	0.18^***	0.09^***	−0.15^***	−0.11^***	−0.18^***	0.08^**	0.15^***	0.09^***	−0.05	0.45^***	0.31^***	0.32^***
Democratic accountability	0.18^***	−0.14^***	0.18^***	0.13^***	−0.06^**	0.08^**	−0.28^***	0.12^***	0.13^***	0.35^***	0.26^***	0.29^***	0.15^***	0.44^***
Bureaucracy quality	−0.09^***	−0.21^***	−0.09^***	0.25^***	−0.10^***	0.24^***	0.18^***	0.24^***	−0.10^***	0.67^***	0.38^***	0.36^***	0.42^***	0.77^***
ICRG (Mean)	0.03	−0.25^***	0.02	0.16^***	−0.19^***	0.13^***	−0.06^*	0.21^***	0.28^***	0.73^***	0.55^***	0.64^***	0.44^***	0.69^***
Control of corruption	−0.07^**	−0.21^***	−0.07^**	0.18^***	−0.13^***	0.13^***	0.22^***	0.24^***	−0.03	0.69^***	0.40^***	0.39^***	0.33^***	0.78^***
Government effectiveness	−0.06^*	−0.14^***	−0.06^*	0.18^***	−0.06^*	0.19^***	0.20^***	0.23^***	−0.10^***	0.73^***	0.44^***	0.33^***	0.31^***	0.72^***
Political stability	−0.06^**	−0.37^***	−0.06^**	0.13^***	−0.31^***	0.10^***	0.16^***	0.07^**	−0.04	0.52^***	0.33^***	0.54^***	0.51^***	0.54^***
Rule of law	−0.07^**	−0.20^***	−0.07^**	0.20^***	−0.12^***	0.20^***	0.23^***	0.24^***	−0.14^***	0.74^***	0.43^***	0.31^***	0.33^***	0.76^***
Regulatory quality	−0.01	−0.20^***	−0.01	0.13^***	−0.12^***	0.18^***	0.13^***	0.18^***	−0.05	0.69^***	0.46^***	0.34^***	0.31^***	0.69^***
Voice and accountability	−0.11^***	−0.24^***	−0.11^***	0.25^***	−0.13^***	0.18^***	0.22^***	0.21^***	−0.23^***	0.63^***	0.41^***	0.35^***	0.42^***	0.71^***
QG (Mean)	−0.07^**	−0.25^***	−0.07^**	0.19^***	−0.16^***	0.18^***	0.21^***	0.22^***	−0.10^***	0.73^***	0.45^***	0.41^***	0.40^***	0.77^***

	Real GDP	Number of person engaged	Capital stock	CO₂ pc	Nitrous	Electric power consumption	Trade freedom	Urban population	Government stability	Socioeconomic conditions	Investment profile	Internal conflict	External conflict	Corruption
Real GDP	1.00
Number of person engaged	0.08^**	1.00
Capital stock	1.00^***	0.08^***	1.00
CO₂ pc	−0.06^*	−0.07^**	−0.06^*	1.00
Nitrous	0.12^***	0.91^***	0.13^***	−0.04	1.00
Electric power consumption	0.01	0.14^***	0.02	0.11^***	0.14^***	1.00
Trade freedom	−0.24^***	−0.18^***	−0.25^***	0.09^***	−0.18^***	0.08^**	1.00
Urban population	0.01	0.03	0.01	0.05	0.04	0.06^**	0.01	1.00
Government stability	0.02	−0.04	0.02	−0.15^***	−0.07^**	−0.09^***	−0.50^***	−0.06^*	1.00
Socioeconomic conditions	−0.09^***	−0.10^***	−0.09^***	0.16^***	−0.10^***	0.24^***	0.24^***	0.23^***	−0.01	1.00
Investment profile	−0.08^***	−0.09^***	−0.09^***	0.11^***	−0.15^***	0.12^***	0.20^***	0.12^***	0.11^***	0.62^***	1.00
Internal conflict	0.15^***	−0.34^***	0.15^***	0.02	−0.27^***	0.01	−0.16^***	0.07^**	0.22^***	0.23^***	0.13^***	1.00
External conflict	0.01	−0.19^***	0.01	0.11^***	−0.10^***	0.05	0.10^***	0.01	−0.14^***	0.12^***	−0.05	0.45^***	1.00
Corruption	−0.01	−0.14^***	−0.01	0.16^***	−0.04	0.10^***	0.04	0.24^***	−0.05	0.47^***	0.06^**	0.40^***	0.43^***	1.00
Military in politics	−0.04	−0.17^***	−0.04	0.21^***	−0.12^***	0.23^***	0.12^***	0.17^***	−0.08^***	0.56^***	0.33^***	0.52^***	0.53^***	0.56^***
Religious tensions	0.04	−0.06^**	0.04	0.02	−0.06^*	−0.09^***	−0.03	0.12^***	0.08^***	0.19^***	0.07^**	0.34^***	0.21^***	0.36^***
Law and order	−0.04	−0.20^***	−0.04	0.16^***	−0.11^***	0.12^***	0.03	0.22^***	−0.00	0.57^***	0.21^***	0.46^***	0.42^***	0.73^***
Ethnic tensions	0.18^***	−0.22^***	0.18^***	0.09^***	−0.15^***	−0.11^***	−0.18^***	0.08^**	0.15^***	0.09^***	−0.05	0.45^***	0.31^***	0.32^***
Democratic accountability	0.18^***	−0.14^***	0.18^***	0.13^***	−0.06^**	0.08^**	−0.28^***	0.12^***	0.13^***	0.35^***	0.26^***	0.29^***	0.15^***	0.44^***
Bureaucracy quality	−0.09^***	−0.21^***	−0.09^***	0.25^***	−0.10^***	0.24^***	0.18^***	0.24^***	−0.10^***	0.67^***	0.38^***	0.36^***	0.42^***	0.77^***
ICRG (Mean)	0.03	−0.25^***	0.02	0.16^***	−0.19^***	0.13^***	−0.06^*	0.21^***	0.28^***	0.73^***	0.55^***	0.64^***	0.44^***	0.69^***
Control of corruption	−0.07^**	−0.21^***	−0.07^**	0.18^***	−0.13^***	0.13^***	0.22^***	0.24^***	−0.03	0.69^***	0.40^***	0.39^***	0.33^***	0.78^***
Government effectiveness	−0.06^*	−0.14^***	−0.06^*	0.18^***	−0.06^*	0.19^***	0.20^***	0.23^***	−0.10^***	0.73^***	0.44^***	0.33^***	0.31^***	0.72^***
Political stability	−0.06^**	−0.37^***	−0.06^**	0.13^***	−0.31^***	0.10^***	0.16^***	0.07^**	−0.04	0.52^***	0.33^***	0.54^***	0.51^***	0.54^***
Rule of law	−0.07^**	−0.20^***	−0.07^**	0.20^***	−0.12^***	0.20^***	0.23^***	0.24^***	−0.14^***	0.74^***	0.43^***	0.31^***	0.33^***	0.76^***
Regulatory quality	−0.01	−0.20^***	−0.01	0.13^***	−0.12^***	0.18^***	0.13^***	0.18^***	−0.05	0.69^***	0.46^***	0.34^***	0.31^***	0.69^***
Voice and accountability	−0.11^***	−0.24^***	−0.11^***	0.25^***	−0.13^***	0.18^***	0.22^***	0.21^***	−0.23^***	0.63^***	0.41^***	0.35^***	0.42^***	0.71^***
QG (Mean)	−0.07^**	−0.25^***	−0.07^**	0.19^***	−0.16^***	0.18^***	0.21^***	0.22^***	−0.10^***	0.73^***	0.45^***	0.41^***	0.40^***	0.77^***

	Military in politics	Religious tensions	Law and order	Ethnic tensions	Democratic accountability	Bureaucracy quality	ICRG (mean)	Control of corruption	Government effectiveness	Political stability	Rule of law	Regulatory quality	Voice and accountability	QG (mean)
Real GDP
Number of person engaged
Capital stock
CO₂ pc
Nitrous
Electric power consumption
Trade freedom
Urban population
Government stability
Socioeconomic conditions
Investment profile
Internal conflict
External conflict
Corruption
Military in politics	1.00
Religious tensions	0.39^***	1.00
Law and order	0.62^***	0.47^***	1.00
Ethnic tensions	0.43^***	0.44^***	0.39^***	1.00
Democratic accountability	0.48^***	0.20^***	0.39^***	0.25^***	1.00
Bureaucracy quality	0.67^***	0.24^***	0.75^***	0.22^***	0.47^***	1.00
ICRG (Mean)	0.77^***	0.46^***	0.76^***	0.48^***	0.62^***	0.78^***	1.00
Control of corruption	0.59^***	0.32^***	0.73^***	0.23^***	0.41^***	0.84^***	0.77^***	1.00
Government effectiveness	0.61^***	0.25^***	0.70^***	0.17^***	0.41^***	0.86^***	0.74^***	0.90^***	1.00
Political stability	0.62^***	0.28^***	0.58^***	0.34^***	0.34^***	0.68^***	0.69^***	0.68^***	0.66^***	1.00
Rule of law	0.65^***	0.32^***	0.74^***	0.21^***	0.52^***	0.86^***	0.77^***	0.89^***	0.91^***	0.69^***	1.00
Regulatory quality	0.60^***	0.26^***	0.63^***	0.18^***	0.58^***	0.80^***	0.76^***	0.83^***	0.85^***	0.68^***	0.90^***	1.00
Voice and accountability	0.69^***	0.27^***	0.67^***	0.19^***	0.56^***	0.82^***	0.72^***	0.82^***	0.83^***	0.64^***	0.88^***	0.84^***	1.00
QG (Mean)	0.68^***	0.31^***	0.74^***	0.24^***	0.51^***	0.89^***	0.81^***	0.94^***	0.94^***	0.79^***	0.96^***	0.93^***	0.91^***	1.00

	Military in politics	Religious tensions	Law and order	Ethnic tensions	Democratic accountability	Bureaucracy quality	ICRG (mean)	Control of corruption	Government effectiveness	Political stability	Rule of law	Regulatory quality	Voice and accountability	QG (mean)
Real GDP
Number of person engaged
Capital stock
CO₂ pc
Nitrous
Electric power consumption
Trade freedom
Urban population
Government stability
Socioeconomic conditions
Investment profile
Internal conflict
External conflict
Corruption
Military in politics	1.00
Religious tensions	0.39^***	1.00
Law and order	0.62^***	0.47^***	1.00
Ethnic tensions	0.43^***	0.44^***	0.39^***	1.00
Democratic accountability	0.48^***	0.20^***	0.39^***	0.25^***	1.00
Bureaucracy quality	0.67^***	0.24^***	0.75^***	0.22^***	0.47^***	1.00
ICRG (Mean)	0.77^***	0.46^***	0.76^***	0.48^***	0.62^***	0.78^***	1.00
Control of corruption	0.59^***	0.32^***	0.73^***	0.23^***	0.41^***	0.84^***	0.77^***	1.00
Government effectiveness	0.61^***	0.25^***	0.70^***	0.17^***	0.41^***	0.86^***	0.74^***	0.90^***	1.00
Political stability	0.62^***	0.28^***	0.58^***	0.34^***	0.34^***	0.68^***	0.69^***	0.68^***	0.66^***	1.00
Rule of law	0.65^***	0.32^***	0.74^***	0.21^***	0.52^***	0.86^***	0.77^***	0.89^***	0.91^***	0.69^***	1.00
Regulatory quality	0.60^***	0.26^***	0.63^***	0.18^***	0.58^***	0.80^***	0.76^***	0.83^***	0.85^***	0.68^***	0.90^***	1.00
Voice and accountability	0.69^***	0.27^***	0.67^***	0.19^***	0.56^***	0.82^***	0.72^***	0.82^***	0.83^***	0.64^***	0.88^***	0.84^***	1.00
QG (Mean)	0.68^***	0.31^***	0.74^***	0.24^***	0.51^***	0.89^***	0.81^***	0.94^***	0.94^***	0.79^***	0.96^***	0.93^***	0.91^***	1.00

Note(s): ^*p < 0.10, ^**p < 0.05, ^***p < 0.01

Source(s): Authors own creation

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