Table 3. Correlation matrix Control_... | Emerald Publishing

Table 3.

Correlation matrix

	Control_ corruption_ rank	Polit_stab_ percentile	Rule_law_ percentile	Imp_ Diversification_ index	Exp_ Diversification_ index	GDP_ growth_ WBDB	GDP_pc_ growth_ WBDB	Exp_perc_ GDP	Imp_perc_ GDP
Control_corruption_rank	1
Polit_stab_percentile	0.807***	1
Rule_law_percentile	0.949***	0.807***	1
Imp_Diversification_index	–0.567***	–0.329***	–0.558***	1
Exp_Diversification_index	–0.519***	–0.318***	–0.566***	0.787***	1
GDP_growth_WBDB	–0.158	–0.07	–0.176*	0.190*	0.214*	1
GDP_pc_growth_WBDB	–0.124	–0.042	–0.107	–0.017	–0.021	0.695***	1
Exp_perc_GDP	0.341***	0.408***	0.351***	–0.006	–0.146	0.092	0.029	1
Imp_perc_GDP	0.237**	0.315***	0.265**	0.098	–0.131	0.042	0.108	0.872***	1
Trade_open	0.302***	0.376***	0.320***	0.044	–0.143	0.07	0.068	0.971***	0.964***
Exp_prices	0.11	0.083	0.167	–0.126	–0.217*	–0.184*	0.179*	–0.261**	0.013
Imp_prices	–0.019	–0.003	–0.047	–0.261**	–0.098	0.039	–0.007	–0.334***	–0.525***
Agric_exp_perc	–0.194*	–0.071	–0.226*	0.281**	0.190*	–0.053	–0.07	–0.178*	–0.11
Metal_exp_perc	–0.064	–0.036	–0.096	0.025	0.268**	0.109	0.141	–0.134	–0.119
nat_res_pc_gdp	–0.193*	–0.141	–0.241**	0.195*	0.392***	0.226*	–0.145	0.021	–0.278**
Inflation_WBDB	–0.339***	–0.275**	–0.364***	0.174	0.415***	0.239**	0.104	–0.103	–0.184*
Tariff_MFN	–0.392***	–0.371***	–0.382***	0.413***	0.328***	0.004	–0.055	–0.353***	–0.330***

	Control_corruption_rank	Polit_stab_percentile	Rule_law_percentile	Imp_Diversification_index	Exp_Diversification_index	GDP_growth_WBDB	GDP_pc_growth_WBDB	Exp_perc_GDP	Imp_perc_GDP
Control_corruption_rank	1
Polit_stab_percentile	0.807***	1
Rule_law_percentile	0.949***	0.807***	1
Imp_Diversification_index	–0.567***	–0.329***	–0.558***	1
Exp_Diversification_index	–0.519***	–0.318***	–0.566***	0.787***	1
GDP_growth_WBDB	–0.158	–0.07	–0.176*	0.190*	0.214*	1
GDP_pc_growth_WBDB	–0.124	–0.042	–0.107	–0.017	–0.021	0.695***	1
Exp_perc_GDP	0.341***	0.408***	0.351***	–0.006	–0.146	0.092	0.029	1
Imp_perc_GDP	0.237**	0.315***	0.265**	0.098	–0.131	0.042	0.108	0.872***	1
Trade_open	0.302***	0.376***	0.320***	0.044	–0.143	0.07	0.068	0.971***	0.964***
Exp_prices	0.11	0.083	0.167	–0.126	–0.217*	–0.184*	0.179*	–0.261**	0.013
Imp_prices	–0.019	–0.003	–0.047	–0.261**	–0.098	0.039	–0.007	–0.334***	–0.525***
Agric_exp_perc	–0.194*	–0.071	–0.226*	0.281**	0.190*	–0.053	–0.07	–0.178*	–0.11
Metal_exp_perc	–0.064	–0.036	–0.096	0.025	0.268**	0.109	0.141	–0.134	–0.119
nat_res_pc_gdp	–0.193*	–0.141	–0.241**	0.195*	0.392***	0.226*	–0.145	0.021	–0.278**
Inflation_WBDB	–0.339***	–0.275**	–0.364***	0.174	0.415***	0.239**	0.104	–0.103	–0.184*
Tariff_MFN	–0.392***	–0.371***	–0.382***	0.413***	0.328***	0.004	–0.055	–0.353***	–0.330***

Trade_open

Exp_prices

Imp_prices

Agric_exp_perc

Metal_exp_perc

nat_res_pc_gdp

Inflation_WBDB

Tariff_MFN

Trade_open

1

Exp_prices

–0.136

1

Imp_prices

–0.438***

–0.022

1

Agric_exp_perc

–0.151

0.067

0.037

1

Metal_exp_perc

–0.131

0.215*

–0.025

–0.001

1

nat_res_pc_gdp

–0.124

–0.778***

0.300***

0.001

0.076

1

Inflation_WBDB

–0.146

–0.389***

0.113

0.015

0.193*

0.485***

1

Tariff_MFN

–0.354***

0.098

–0.107

0.171

–0.022

0.067

0.037

1