Table 2 Descriptive statistics and... | Emerald Publishing

Table 2

Descriptive statistics and correlation matrix

Descriptive statistics						Pairwise correlations
Variable	Obs	Mean	Std. Dev	Min	Max	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	VIF	1/VIF
(1) justtran	552	73.83	8.69	47.5	86	1.00								Mean VIF	2.87
(2) cps	552	0	1	−2.37	2.36	0.23	1.00							1.99	0.50
(3) iqi	552	0	2.28	−5.95	3.52	0.05	0.62	1.00						4.77	0.21
(4) climvar	552	0.34	0.04	0.26	0.49	−0.06	−0.60	−0.62	1.00					2.84	0.35
(5) hdi	552	0.87	0.08	0.59	0.97	0.07	0.62	0.82	−0.78	1.00				4.96	0.20
(6) gdppcap	552	31010.80	24454.96	1429.32	133712	−0.19	0.54	0.77	−0.58	0.73	1.00			2.72	0.37
(7) fmdev	552	83.97	42.38	12.91	196.83	−0.13	0.49	0.52	−0.37	0.41	0.43	1.00		1.51	0.66
(8) fossil	552	73.05	17.60	10.25	100	−0.09	−0.21	−0.38	0.09	−0.27	−0.22	−0.07	1.00	1.27	0.79

Descriptive statistics						Pairwise correlations
Variable	Obs	Mean	Std. Dev	Min	Max	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	VIF	1/VIF
(1) justtran	552	73.83	8.69	47.5	86	1.00								Mean VIF	2.87
(2) cps	552	0	1	−2.37	2.36	0.23	1.00							1.99	0.50
(3) iqi	552	0	2.28	−5.95	3.52	0.05	0.62	1.00						4.77	0.21
(4) climvar	552	0.34	0.04	0.26	0.49	−0.06	−0.60	−0.62	1.00					2.84	0.35
(5) hdi	552	0.87	0.08	0.59	0.97	0.07	0.62	0.82	−0.78	1.00				4.96	0.20
(6) gdppcap	552	31010.80	24454.96	1429.32	133712	−0.19	0.54	0.77	−0.58	0.73	1.00			2.72	0.37
(7) fmdev	552	83.97	42.38	12.91	196.83	−0.13	0.49	0.52	−0.37	0.41	0.43	1.00		1.51	0.66
(8) fossil	552	73.05	17.60	10.25	100	−0.09	−0.21	−0.38	0.09	−0.27	−0.22	−0.07	1.00	1.27	0.79

Source(s): Authors’ compilation