Table 2 Bivariate correlation results... | Emerald Publishing

Table 2

Bivariate correlation results between independent variables and GDPG

Independent variables	r-value	p-value
FDI	0.3684	0.000*
Trade openness	−0.0941	0.2366
Inflation	−0.2913	0.000*
Liquid liabilities	0.4996	0.000*
Human capital	−0.3719	0.000*
Gross capital formation	0.5407	0.000*
Labor	0.6582	0.000*

Independent variables	r-value	p-value
FDI	0.3684	0.000*
Trade openness	−0.0941	0.2366
Inflation	−0.2913	0.000*
Liquid liabilities	0.4996	0.000*
Human capital	−0.3719	0.000*
Gross capital formation	0.5407	0.000*
Labor	0.6582	0.000*

Note(s): *Significant at 1% level