Matrix of correlations
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) GHG emissions | 1.000 | ||||||||||||
| (2) Gross value added (GVA) | 0.916 | 1.000 | |||||||||||
| (3) GDP per capita | 0.114 | 0.277 | 1.000 | ||||||||||
| (4) Foreign direct investment | −0.255 | −0.226 | 0.012 | 1.000 | |||||||||
| (5) Governance | −0.166 | 0.029 | 0.434 | 0.099 | 1.000 | ||||||||
| (6) ICT | 0.135 | 0.303 | 0.493 | 0.054 | 0.429 | 1.000 | |||||||
| (7) Women empowerment | −0.025 | 0.031 | −0.044 | 0.068 | 0.375 | 0.262 | 1.000 | ||||||
| (8) Resource rents | 0.194 | 0.091 | 0.062 | 0.046 | −0.362 | −0.195 | −0.378 | 1.000 | |||||
| (9) Taxes less subsidies | 0.826 | 0.912 | 0.162 | −0.163 | 0.147 | 0.382 | 0.238 | −0.094 | 1.000 | ||||
| (10) Cost of business procedures | −0.094 | −0.205 | −0.249 | −0.047 | −0.371 | −0.448 | −0.214 | 0.195 | −0.291 | 1.000 | |||
| (11) Time to register property | −0.163 | −0.225 | −0.233 | −0.075 | −0.139 | −0.319 | −0.081 | −0.011 | −0.239 | 0.260 | 1.000 | ||
| (12) Time to start a business | −0.114 | −0.108 | −0.015 | −0.065 | −0.056 | −0.155 | −0.071 | 0.173 | −0.166 | 0.283 | 0.228 | 1.000 | |
| (13) Start-up procedures | 0.165 | 0.137 | 0.000 | 0.010 | −0.176 | −0.256 | −0.175 | 0.265 | 0.025 | 0.313 | 0.209 | 0.406 | 1.000 |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) GHG emissions | 1.000 | ||||||||||||
| (2) Gross value added (GVA) | 0.916 | 1.000 | |||||||||||
| (3) GDP per capita | 0.114 | 0.277 | 1.000 | ||||||||||
| (4) Foreign direct investment | −0.255 | −0.226 | 0.012 | 1.000 | |||||||||
| (5) Governance | −0.166 | 0.029 | 0.434 | 0.099 | 1.000 | ||||||||
| (6) ICT | 0.135 | 0.303 | 0.493 | 0.054 | 0.429 | 1.000 | |||||||
| (7) Women empowerment | −0.025 | 0.031 | −0.044 | 0.068 | 0.375 | 0.262 | 1.000 | ||||||
| (8) Resource rents | 0.194 | 0.091 | 0.062 | 0.046 | −0.362 | −0.195 | −0.378 | 1.000 | |||||
| (9) Taxes less subsidies | 0.826 | 0.912 | 0.162 | −0.163 | 0.147 | 0.382 | 0.238 | −0.094 | 1.000 | ||||
| (10) Cost of business procedures | −0.094 | −0.205 | −0.249 | −0.047 | −0.371 | −0.448 | −0.214 | 0.195 | −0.291 | 1.000 | |||
| (11) Time to register property | −0.163 | −0.225 | −0.233 | −0.075 | −0.139 | −0.319 | −0.081 | −0.011 | −0.239 | 0.260 | 1.000 | ||
| (12) Time to start a business | −0.114 | −0.108 | −0.015 | −0.065 | −0.056 | −0.155 | −0.071 | 0.173 | −0.166 | 0.283 | 0.228 | 1.000 | |
| (13) Start-up procedures | 0.165 | 0.137 | 0.000 | 0.010 | −0.176 | −0.256 | −0.175 | 0.265 | 0.025 | 0.313 | 0.209 | 0.406 | 1.000 |
Note(s): GHG = greenhouse gas; GDP = Gross domestic product; ICT = Information and communication technologies
Source(s): Authors’ own work
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