Table 5 Correlation matrix Variables... | Emerald Publishing

Table 5

Correlation matrix

Variables	ln(X/M)	GLPI	INF	TF	OP	lnGDP	lnFDI
ln(X/M)	1.0
GLPI	0.2496	1.0
INF	0.3513	0.1564	1.0
TF	0.5238	0.2838	0.4338	1.0
OP	0.0570	0.0080	0.0167	0.2537	1.0
lnGDP	0.4543	0.2512	0.3692	0.6327	0.0226	1.0
lnFDI	0.5716	0.3672	0.4808	0.6593	0.0164	0.7199	1.0

Variables	ln(X/M)	GLPI	INF	TF	OP	lnGDP	lnFDI
ln(X/M)	1.0
GLPI	0.2496	1.0
INF	0.3513	0.1564	1.0
TF	0.5238	0.2838	0.4338	1.0
OP	0.0570	0.0080	0.0167	0.2537	1.0
lnGDP	0.4543	0.2512	0.3692	0.6327	0.0226	1.0
lnFDI	0.5716	0.3672	0.4808	0.6593	0.0164	0.7199	1.0

Source(s): Analysis results from Stata 14 software by the Authors (2025)