Table A2 Correlation matrix (1) (2) (3)... | Emerald Publishing

Table A2

Correlation matrix

		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)
Expenditure	(1)	1
Public services	(2)	0.36	1
Economic affairs	(3)	0.53	0.05	1
Social welfare	(4)	0.77	0.00	0.22	1
Pre-election	(5)	0.01	−0.05	−0.02	0.03	1
Election	(6)	0.00	−0.04	−0.02	0.04	−0.18	1
Post-election	(7)	−0.01	−0.04	−0.04	0.03	−0.22	−0.19	1
Population	(8)	−0.30	0.17	−0.07	−0.54	−0.05	−0.07	−0.08	1
Median age	(9)	0.39	−0.18	0.08	0.68	0.04	0.06	0.05	−0.78	1
Unemployment rate	(10)	0.36	0.17	−0.03	0.32	0.03	0.02	0.01	−0.12	0.09	1
Inflation	(11)	0.02	0.23	−0.06	−0.01	−0.03	−0.03	0.03	−0.02	−0.05	0.04	1
Government debt	(12)	−0.04	0.38	−0.16	−0.13	−0.04	−0.07	−0.03	0.16	−0.17	0.10	0.14	1
GDP growth	(13)	0.03	−0.17	0.15	0.03	0.02	0.02	−0.01	−0.23	0.15	−0.10	−0.15	−0.14	1
Tax revenue	(14)	0.40	0.19	0.06	0.48	0.04	0.05	0.03	−0.28	0.29	0.31	0.06	0.01	−0.05	1

		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)
Expenditure	(1)	1
Public services	(2)	0.36	1
Economic affairs	(3)	0.53	0.05	1
Social welfare	(4)	0.77	0.00	0.22	1
Pre-election	(5)	0.01	−0.05	−0.02	0.03	1
Election	(6)	0.00	−0.04	−0.02	0.04	−0.18	1
Post-election	(7)	−0.01	−0.04	−0.04	0.03	−0.22	−0.19	1
Population	(8)	−0.30	0.17	−0.07	−0.54	−0.05	−0.07	−0.08	1
Median age	(9)	0.39	−0.18	0.08	0.68	0.04	0.06	0.05	−0.78	1
Unemployment rate	(10)	0.36	0.17	−0.03	0.32	0.03	0.02	0.01	−0.12	0.09	1
Inflation	(11)	0.02	0.23	−0.06	−0.01	−0.03	−0.03	0.03	−0.02	−0.05	0.04	1
Government debt	(12)	−0.04	0.38	−0.16	−0.13	−0.04	−0.07	−0.03	0.16	−0.17	0.10	0.14	1
GDP growth	(13)	0.03	−0.17	0.15	0.03	0.02	0.02	−0.01	−0.23	0.15	−0.10	−0.15	−0.14	1
Tax revenue	(14)	0.40	0.19	0.06	0.48	0.04	0.05	0.03	−0.28	0.29	0.31	0.06	0.01	−0.05	1

Source(s): Authors' own work