Table 4 Results of correlation matrix...

Table 4

Results of correlation matrix analysis between variables in Equation (5)

Variables	(1)	(2)	(3)	(4)	(5)
(1) Unemployment_ij	1.000
(2) ln_GDP_Cap_i	−0.636*	1.000
(3) ln_FC_ij	−0.115*	0.100*	1.000
(4) AfCFTA_ij	−0.001	0.007	0.028	1.000
(5) ln_AfCFTA_ijf $#$ FC_ij	−0.006	0.012	0.173*	0.886*	1.000

Variables	(1)	(2)	(3)	(4)	(5)
(1) Unemployment_ij	1.000
(2) ln_GDP_Cap_i	−0.636*	1.000
(3) ln_FC_ij	−0.115*	0.100*	1.000
(4) AfCFTA_ij	−0.001	0.007	0.028	1.000
(5) ln_AfCFTA_ijf $#$ FC_ij	−0.006	0.012	0.173*	0.886*	1.000

Note(s): Significance is at 5%

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

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