Table 3

Correlation matrix

VariableWERSHWNPGDPGROWTH
WER 1 0.301790 0.334314 
SHWNP 0.301790 1 −0.567529 
GDPGROWTH 0.334314 −0.567529 1 
VariableWERSHWNPGDPGROWTH
WER 1 0.301790 0.334314 
SHWNP 0.301790 1 −0.567529 
GDPGROWTH 0.334314 −0.567529 1 
Source(s): Authors’ analysis results
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