Table 5.

Descriptive statistics and correlation matrix of continuous variables for Russia’s model

VariableMeanSD123456789
1. Number of unrealized CBMAs0.931.61.00
2. Cultural distance20.516.4−0.141.00
3. CPI distance2.92.2−0.210.711.00
4. EF distance14.610.0−0.230.630.801.00
5. LnGeo_distance7.90.52−0.180.500.350.281.00
6. GDPgrowth_host3.54.4−0.04−0.17−0.36−0.300.001.00
8. CPI_home2.50.26−0.09−0.00−0.08−0.10−0.000.110.031.00
9. EF_home52.12.58−0.17−0.00−0.01−0.17−0.000.070.040.431.00

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