Table 4. Descriptive statistics of... | Emerald Publishing

Table 4.

Descriptive statistics of variables and correlation matrix

No.	Variable	(1)	(2)	(3)	(4)	(5)	(6)		(7)	Obs	Mean	SD	Min	Max
(1)	OFF_ONlessgrantsOFF	1								6,476	0.1717	0.1056	0.0000	0.8106
(2)	ON_pop	−0.0916*	1							6,476	8.2071	0.2918	7.5511	10.7670
(3)	Grants	−0.1644*	−0.1156*	1						6,465	0.4191	0.1293	0.0233	0.8137
(4)	Debt_per capita	−0.0577*	0.1129*	−0.07*	1					6,476	6.7625	1.1671	0.0000	8.2339
(5)	MOC debt share	0.5147*	0.0282*	−0.2287*	−0.4784*	1				6,476	0.3251	0.2704	0.0000	1.0000
(6)	Debt fiscal limit	−0.0328*	0.4168*	0.1664*	0.0014_	0.0504*	1			6,476	0.5991	0.4901	0.0000	1.0000
	L.Debt fiscal limit	−0.0249_	0.4518*	0.2502*	−0.025_	0.0559*	0.7723*	1		5,404	0.5368	0.4987	0.0000	1.0000
(7)	Growth	−0.0719*	0.3710*	0.0955*	−0.0438*	0.0491*	0.3417*	0.3034*	1	5,235	1.0682	0.1264	0.2575	1.4200

No.	Variable	(1)	(2)	(3)	(4)	(5)	(6)		(7)	Obs	Mean	SD	Min	Max
(1)	OFF_ONlessgrantsOFF	1								6,476	0.1717	0.1056	0.0000	0.8106
(2)	ON_pop	−0.0916*	1							6,476	8.2071	0.2918	7.5511	10.7670
(3)	Grants	−0.1644*	−0.1156*	1						6,465	0.4191	0.1293	0.0233	0.8137
(4)	Debt_per capita	−0.0577*	0.1129*	−0.07*	1					6,476	6.7625	1.1671	0.0000	8.2339
(5)	MOC debt share	0.5147*	0.0282*	−0.2287*	−0.4784*	1				6,476	0.3251	0.2704	0.0000	1.0000
(6)	Debt fiscal limit	−0.0328*	0.4168*	0.1664*	0.0014_	0.0504*	1			6,476	0.5991	0.4901	0.0000	1.0000
	L.Debt fiscal limit	−0.0249_	0.4518*	0.2502*	−0.025_	0.0559*	0.7723*	1		5,404	0.5368	0.4987	0.0000	1.0000
(7)	Growth	−0.0719*	0.3710*	0.0955*	−0.0438*	0.0491*	0.3417*	0.3034*	1	5,235	1.0682	0.1264	0.2575	1.4200

Note:

*p < 0.05

Source: Authors’ work