Table 3

Descriptive statistics, variable correlation structure and VIF analysis

ITRRatioCONAGRCONINDSCONSERVRDEVEXPCTDSGSTDumVIF scores
Descriptive statistics
Mean7.74010.24830.29443.30719.40154.5750.545
Min2.3871.8618.56723.8837.38716.0600
Max16.36629.05662.86865.90077.25396.4601
Std. Dev2.1875.30212.1339.60111.24521.9520.499
Obs297297297297297297297
Variable correlation structure and VIF analysis
ITRRatio1.0000      
CONAGR−0.08781.0000     3.57
CONINDS0.0414−0.50461.0000    8.79
CONSERV−0.11030.0340−0.79241.0000   6.58
RDEVEXP−0.09020.1848−0.31790.21321.0000  2.37
CTDS−0.47690.3048−0.29440.26100.70501.0000 2.55
GSTDum0.4203−0.20340.0183−0.01720.19060.06061.00001.17
Source(s): Author

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