Correlation matrix
| Variable | GDPPCGR | FDI | TLF | GFCF | Democ | FinDev | PTS |
|---|---|---|---|---|---|---|---|
| GDPPCGR | 1.000 | ||||||
| FDI | 0.175 | 1.000 | |||||
| (0.008) | |||||||
| TLF | 0.173 | −0.014 | 1.000 | ||||
| (0.009) | (0.838) | ||||||
| GFCF | 0.073 | 0.140 | −0.018 | 1.000 | |||
| (0.271) | (0.033) | (0.785) | |||||
| Democ | 0.109 | 0.063 | 0.132 | −0.083 | 1.000 | ||
| (0.098) | (0.343) | (0.046) | (0.208) | ||||
| FinDev | 0.301 | 0.152 | 0.161 | 0.278 | 0.330 | 1.000 | |
| (0.000) | (0.021) | (0.014) | (0.000) | (0.000) | |||
| PTS | −0.149 | 0.054 | 0.520 | −0.049 | −0.067 | −0.079 | 1.000 |
| (0.023) | (0.417) | (0.000) | (0.459) | (0.308) | (0.232) |
| Variable | GDPPCGR | FDI | TLF | GFCF | Democ | FinDev | PTS |
|---|---|---|---|---|---|---|---|
| GDPPCGR | 1.000 | ||||||
| FDI | 0.175 | 1.000 | |||||
| (0.008) | |||||||
| TLF | 0.173 | −0.014 | 1.000 | ||||
| (0.009) | (0.838) | ||||||
| GFCF | 0.073 | 0.140 | −0.018 | 1.000 | |||
| (0.271) | (0.033) | (0.785) | |||||
| Democ | 0.109 | 0.063 | 0.132 | −0.083 | 1.000 | ||
| (0.098) | (0.343) | (0.046) | (0.208) | ||||
| FinDev | 0.301 | 0.152 | 0.161 | 0.278 | 0.330 | 1.000 | |
| (0.000) | (0.021) | (0.014) | (0.000) | (0.000) | |||
| PTS | −0.149 | 0.054 | 0.520 | −0.049 | −0.067 | −0.079 | 1.000 |
| (0.023) | (0.417) | (0.000) | (0.459) | (0.308) | (0.232) |
Note(s): Probability values are presented in parentheses
Source(s): Authors' computation
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