Table 3 Correlation matrix Variables GG... | Emerald Publishing

Table 3

Correlation matrix

Variables	GG	DMBA	SMC	ET	RPA	NRPA	Trade
GG	1.000000
GG	–
DMBA	0.328768	1.000000
DMBA	(0.0000)	–
SMC	0.140513	0.347856	1.000000
SMC	(0.0031)	(0.0000)	–
ET	−0.155029	−0.187089	−0.084998	1.000000
ET	(0.0011)	(0.0001)	(0.0749)	–
RPA	0.636153	0.345402	0.343631	−0.042856	1.000000
RPA	(0.0000)	(0.0000)	(0.0000)	(0.3698)	–
NRPA	0.565359	0.146693	0.229742	−0.120323	0.693158	1.000000
NRPA	(0.0000)	(0.0020)	(0.0000)	(0.0115)	(0.0000)	–
Trade	−0.268060	0.267321	0.076065	0.100298	−0.262869	−0.468795	1.000000
Trade	(0.0000)	(0.0000)	(0.1111)	(0.0354)	(0.0000)	(0.0000)	–

Variables	GG	DMBA	SMC	ET	RPA	NRPA	Trade
GG	1.000000
GG	–
DMBA	0.328768	1.000000
DMBA	(0.0000)	–
SMC	0.140513	0.347856	1.000000
SMC	(0.0031)	(0.0000)	–
ET	−0.155029	−0.187089	−0.084998	1.000000
ET	(0.0011)	(0.0001)	(0.0749)	–
RPA	0.636153	0.345402	0.343631	−0.042856	1.000000
RPA	(0.0000)	(0.0000)	(0.0000)	(0.3698)	–
NRPA	0.565359	0.146693	0.229742	−0.120323	0.693158	1.000000
NRPA	(0.0000)	(0.0020)	(0.0000)	(0.0115)	(0.0000)	–
Trade	−0.268060	0.267321	0.076065	0.100298	−0.262869	−0.468795	1.000000
Trade	(0.0000)	(0.0000)	(0.1111)	(0.0354)	(0.0000)	(0.0000)	–

Source(s): Author’s compilation (2025)