Table 5 Correlation and VIF analysis... | Emerald Publishing

Table 5

Correlation and VIF analysis results

	GDP PPP	INF	FDI (−1)	DCPS	EXCH	LF	PS	RUL	GEF	RQ	CC	VIF	1/VIF
GDP PPP	1.000
INF	−0.267	1.000										1.280	0.778
FDI	0.061	−0.097	1.000									1.030	0.972
DCPS	0.321	0.108	0.073	1.000								1.730	0.577
EXCH	−0.073	0.115	−0.053	0.115	1.000							1.370	0.728
LF	−0.249	−0.010	0.013	0.309	0.062	1.000						1.540	0.651
PS	0.556	−0.266	0.065	0.361	−0.279	0.258	1.000					4.060	0.246
RL	0.376	−0.013	0.046	0.425	0.003	0.178	0.678	1.000				4.360	0.096
GEF	0.421	−0.096	0.070	0.262	−0.174	0.060	0.767	0.890	1.000			2.770	0.361
RQ	0.419	−0.120	0.071	0.283	0.076	0.010	0.337	0.689	0.564	1.000		2.770	0.361
CC	0.321	−0.070	0.022	0.237	−0.061	0.288	0.766	0.822	0.872	0.368	1.000	5.170	0.090
Mean VIF												2.360

	GDP PPP	INF	FDI (−1)	DCPS	EXCH	LF	PS	RUL	GEF	RQ	CC	VIF	1/VIF
GDP PPP	1.000
INF	−0.267	1.000										1.280	0.778
FDI	0.061	−0.097	1.000									1.030	0.972
DCPS	0.321	0.108	0.073	1.000								1.730	0.577
EXCH	−0.073	0.115	−0.053	0.115	1.000							1.370	0.728
LF	−0.249	−0.010	0.013	0.309	0.062	1.000						1.540	0.651
PS	0.556	−0.266	0.065	0.361	−0.279	0.258	1.000					4.060	0.246
RL	0.376	−0.013	0.046	0.425	0.003	0.178	0.678	1.000				4.360	0.096
GEF	0.421	−0.096	0.070	0.262	−0.174	0.060	0.767	0.890	1.000			2.770	0.361
RQ	0.419	−0.120	0.071	0.283	0.076	0.010	0.337	0.689	0.564	1.000		2.770	0.361
CC	0.321	−0.070	0.022	0.237	−0.061	0.288	0.766	0.822	0.872	0.368	1.000	5.170	0.090
Mean VIF												2.360

	PS	RUL	GEFF	RQ	CC
PS	1.000
RUL	0.705	1.000
GEF	0.783	0.886	1.000
RQ	0.500	0.711	0.710	1.000
CC	0.759	0.827	0.821	0.405	1.000

Source(s): Author’s calculation