Table 3.

Pairwise correlations

Variables(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)
(1) Geodist_weighted1.00            
(2) GDP_host0.52* (0.00)1.00           
(3) GDPgrowth_host−0.25* (0.00)−0.13* (0.00)1.00          
(4) Fuel_exports_host−0.10* (0.00)−0.16* (0.00)0.10* (0.00)1.00         
(5) Oremetal_export_host−0.06* (0.00)−0.22* (0.00)0.07* (0.00)0.02 (0.24)1.00        
(6) Patents_host0.39* (0.00)0.91* (0.00)−0.03* (0.04)−0.16* (0.00)−0.20* (0.00)1.00       
(7) Host_productivity0.56* (0.00)0.61* (0.00)−0.43* (0.00)−0.12* (0.00)−0.22* (0.00)0.44* (0.00)1.00      
(8) Linguistic_distance0.08* (0.00)0.01 (0.29)−0.07* (0.00)−0.10* (0.00)−0.13* (0.00)0.01 (0.59)0.13* (0.00)1.00     
(9) Colony−0.13* (0.00)−0.16* (0.00)0.00 (0.96)0.05* (0.00)−0.03* (0.04)−0.19* (0.00)−0.09* (0.00)−0.39* (0.00)1.00    
(10) Polity2−0.10* (0.00)−0.07* (0.00)0.06* (0.00)0.00 (0.78)0.08* (0.00)−0.06* (0.00)−0.15* (0.00)−0.45* (0.00)0.14* (0.00)1.00   
(11) Financial structure−0.25* (0.00)−0.17* (0.00)0.09* (0.00)0.04* (0.01)0.05* (0.00)−0.16* (0.00)−0.19* (0.00)−0.24* (0.00)0.35* (0.00)0.42* (0.00)1.00  
(12) Home_productivity−0.45* (0.00)−0.26* (0.00)0.09* (0.00)0.06* (0.00)0.07* (0.00)−0.18* (0.00)−0.33* (0.00)−0.07* (0.00)0.14* (0.00)0.12* (0.00)0.29* (0.00)1.00 
(13) Rule of Law_home0.12* (0.00)0.04* (0.01)0.07* (0.00)0.00 (0.95)−0.01 (0.45)0.06* (0.00)−0.07* (0.00)−0.12* (0.00)−0.21* (0.00)0.29* (0.00)−0.19* (0.00)0.04* (0.00)1.00
Note(s):

***p < 0.01, **p < 0.05 and *p < 0.10

Source(s): Authors’ own work
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