Table 3 Results of correlation matrix... | Emerald Publishing

Table 3

Results of correlation matrix analysis between variables in Equation (4)

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
(1) ln_FC_ij	1.000
(2) ln_GDP_Cap_j	0.293*	1.000
(3) ln_GDP_Cap_i	0.116*	0.017	1.000
(4) AfCFTA_ij	0.008	0.113*	0.007	1.000
(5) ln_Dist	−0.340*	−0.040*	−0.070*	−0.036*	1.000
(6) Lang_ij	0.131*	−0.035*	−0.081*	0.012	−0.122*	1.000
(7) contig	0.362*	0.099*	−0.087*	0.004	−0.502*	0.222*	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
(1) ln_FC_ij	1.000
(2) ln_GDP_Cap_j	0.293*	1.000
(3) ln_GDP_Cap_i	0.116*	0.017	1.000
(4) AfCFTA_ij	0.008	0.113*	0.007	1.000
(5) ln_Dist	−0.340*	−0.040*	−0.070*	−0.036*	1.000
(6) Lang_ij	0.131*	−0.035*	−0.081*	0.012	−0.122*	1.000
(7) contig	0.362*	0.099*	−0.087*	0.004	−0.502*	0.222*	1.000

Note(s): Significance is at 5%

Source(s): Estimates made by the authors using Stata software