Matrix of correlations
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) Women business and law | 1.000 | |||||||||||||||
| (2) Women in parliament | 0.502 | 1.000 | ||||||||||||||
| (3) FLFP | 0.385 | 0.313 | 1.000 | |||||||||||||
| (4) Institutions | 0.546 | 0.287 | 0.068 | 1.000 | ||||||||||||
| (5) Rule of law | 0.489 | 0.256 | 0.022 | 0.942 | 1.000 | |||||||||||
| (6) Corruption control | 0.292 | 0.203 | 0.048 | 0.769 | 0.576 | 1.000 | ||||||||||
| (7) Government effectiveness | 0.524 | 0.307 | 0.050 | 0.926 | 0.954 | 0.570 | 1.000 | |||||||||
| (8) Political stability | 0.432 | 0.204 | 0.135 | 0.793 | 0.763 | 0.459 | 0.710 | 1.000 | ||||||||
| (9) Regulatory quality | 0.563 | 0.270 | 0.064 | 0.910 | 0.927 | 0.539 | 0.937 | 0.684 | 1.000 | |||||||
| (10) Voice and accountability | 0.607 | 0.241 | 0.039 | 0.769 | 0.716 | 0.415 | 0.675 | 0.583 | 0.700 | 1.000 | ||||||
| (11) Internet | 0.579 | 0.373 | 0.080 | 0.443 | 0.385 | 0.363 | 0.489 | 0.483 | 0.377 | 0.496 | 1.000 | |||||
| (12) Telephone | 0.480 | 0.204 | −0.011 | 0.448 | 0.375 | 0.463 | 0.498 | 0.371 | 0.448 | 0.460 | 0.352 | 1.000 | ||||
| (13) Mobile | 0.307 | 0.232 | −0.083 | 0.353 | 0.368 | 0.182 | 0.397 | 0.277 | 0.405 | 0.251 | 0.452 | 0.312 | 1.000 | |||
| (14) Financial development | 0.415 | 0.219 | 0.050 | 0.452 | 0.511 | 0.409 | 0.429 | 0.462 | 0.474 | 0.416 | 0.503 | 0.472 | 0.378 | 1.000 | ||
| (15) FDI | 0.061 | −0.042 | −0.015 | 0.129 | 0.134 | 0.070 | 0.120 | 0.128 | 0.133 | 0.101 | 0.102 | 0.147 | 0.053 | 0.191 | 1.000 | |
| (16) GDP per capita | 0.434 | 0.325 | 0.106 | 0.474 | 0.429 | 0.502 | 0.422 | 0.488 | 0.487 | 0.500 | 0.513 | 0.462 | 0.354 | 0.484 | 0.081 | 1.000 |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) Women business and law | 1.000 | |||||||||||||||
| (2) Women in parliament | 0.502 | 1.000 | ||||||||||||||
| (3) FLFP | 0.385 | 0.313 | 1.000 | |||||||||||||
| (4) Institutions | 0.546 | 0.287 | 0.068 | 1.000 | ||||||||||||
| (5) Rule of law | 0.489 | 0.256 | 0.022 | 0.942 | 1.000 | |||||||||||
| (6) Corruption control | 0.292 | 0.203 | 0.048 | 0.769 | 0.576 | 1.000 | ||||||||||
| (7) Government effectiveness | 0.524 | 0.307 | 0.050 | 0.926 | 0.954 | 0.570 | 1.000 | |||||||||
| (8) Political stability | 0.432 | 0.204 | 0.135 | 0.793 | 0.763 | 0.459 | 0.710 | 1.000 | ||||||||
| (9) Regulatory quality | 0.563 | 0.270 | 0.064 | 0.910 | 0.927 | 0.539 | 0.937 | 0.684 | 1.000 | |||||||
| (10) Voice and accountability | 0.607 | 0.241 | 0.039 | 0.769 | 0.716 | 0.415 | 0.675 | 0.583 | 0.700 | 1.000 | ||||||
| (11) Internet | 0.579 | 0.373 | 0.080 | 0.443 | 0.385 | 0.363 | 0.489 | 0.483 | 0.377 | 0.496 | 1.000 | |||||
| (12) Telephone | 0.480 | 0.204 | −0.011 | 0.448 | 0.375 | 0.463 | 0.498 | 0.371 | 0.448 | 0.460 | 0.352 | 1.000 | ||||
| (13) Mobile | 0.307 | 0.232 | −0.083 | 0.353 | 0.368 | 0.182 | 0.397 | 0.277 | 0.405 | 0.251 | 0.452 | 0.312 | 1.000 | |||
| (14) Financial development | 0.415 | 0.219 | 0.050 | 0.452 | 0.511 | 0.409 | 0.429 | 0.462 | 0.474 | 0.416 | 0.503 | 0.472 | 0.378 | 1.000 | ||
| (15) FDI | 0.061 | −0.042 | −0.015 | 0.129 | 0.134 | 0.070 | 0.120 | 0.128 | 0.133 | 0.101 | 0.102 | 0.147 | 0.053 | 0.191 | 1.000 | |
| (16) GDP per capita | 0.434 | 0.325 | 0.106 | 0.474 | 0.429 | 0.502 | 0.422 | 0.488 | 0.487 | 0.500 | 0.513 | 0.462 | 0.354 | 0.484 | 0.081 | 1.000 |
Source(s): Constructed by authors