Table 2. Correlation matrix No.... | Emerald Publishing

Table 2.

Correlation matrix

No.	Variables	1	2	3	4	5	6	7
1	FinTech development	1
2	Digital finance	0.260***	1
3	Entrepreneurship	0.035	0.147*	1
4	Institutional quality	−0.056	0.025	0.632***	1
5	GDP Growth	−0.232**	−0.093	−0.235**	−0.038	1
6	Trade Openness	−0.344***	−0.221**	0.240**	0.346***	−0.053	1
7	Inflation	0.154*	0.031	−0.003	−0.170*	−0.293***	0.130	1

No.	Variables	1	2	3	4	5	6	7
1	FinTech development	1
2	Digital finance	0.260***	1
3	Entrepreneurship	0.035	0.147*	1
4	Institutional quality	−0.056	0.025	0.632***	1
5	GDP Growth	−0.232**	−0.093	−0.235**	−0.038	1
6	Trade Openness	−0.344***	−0.221**	0.240**	0.346***	−0.053	1
7	Inflation	0.154*	0.031	−0.003	−0.170*	−0.293***	0.130	1

Notes:

*p < 0.05; **p < 0.01; ***p < 0.001

Source: Authors’ own work