Table 3

Pairwise correlation and VIF

Variables[1][2][3][4][5][6][7][8][9][10][11][12]VIF
[1] GDPGR1           4.11
[2] INFR0.172***1          3.16
[3] LNDCPS−0.186***−0.371***1         2.59
[4] LNGCP0.224***0.0290.091***1        2.52
[5] FDI0.106***−0.086***0.270***0.0241       2.2
[6] LNGCE0.173***0.109***0.251***0.180***0.0031      2.05
[7] PGR0.245***0.096***−0.339***−0.107***0.004−0.142***1     1.75
[8] LNTRADE0.015−0.169***0.205***−0.068*0.598***−0.327***−0.073***1    1.61
[9] UNMR−0.149***0.063*0.0310.184***−0.086***−0.069*−0.036−0.219***1   1.41
[10] URBAN−0.131***−0.275***0.627***−0.089**0.358***0.017−0.352***0.312***0.190***1  1.39
[11] COR−0.196***−0.377***0.635***0.0050.273***−0.231***−0.203***0.271***0.109***0.588***1 1.39
[12] POL−0.218***−0.405***0.480***0.0420.260***−0.468***−0.286***0.473***−0.135***0.443***0.643***11.24
Mean VIF            2.12

Note(s): *p < 0.10, **p < 0.05, ***p < 0.01

Source(s): Authors' own computation

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