Table 2 Descriptive statistics.
Variable | LnCM | LnGDP | LnGFL | LnFEX | LnUB | LnGQ | LnGQGFL |
|---|---|---|---|---|---|---|---|
Mean | 5.5863 | 26.927 | 2.241 | 4.0469 | 17.789 | − 0.1449 | − 0.441 |
Median | 5.196 | 26.613 | 2.265 | 4.4674 | 17.729 | − 0.0489 | − 0.101 |
Maximum | 8.681 | 30.657 | 3.173 | 4.605 | 19.410 | 0.588 | 1.277 |
Minimum | 2.0040 | 23.811 | 0.979 | 0.606 | 16.655 | − 4.653 | − 14.215 |
Std. Dev | 1.911 | 1.658 | 0.588 | 0.976 | 0.855 | 0.624 | 1.718 |
Observations | 119 | 119 | 119 | 119 | 119 | 119 | 119 |
Correlation | |||||||
LnCM | 1 | ||||||
p-value | – | ||||||
LnGDP | − 0.745*** | 1 | |||||
p-value | 0.000 | – | |||||
LnGFL | − 0.097 | − 0.028 | 1 | ||||
p-value | 0.296 | 0.759 | – | ||||
LnFEX | − 0.716*** | − 0.857*** | 0.360*** | 1 | |||
p-value | 0.000 | 0.000 | 0.000 | – | |||
LnUB | 0.608*** | 0.911*** | 0.086 | − 0.786*** | 1 | ||
p-value | 0.000 | 0.000 | 0.350 | 0.000 | – | ||
LnGQ | − 0.124 | 0.022 | − 0.319*** | − 0.215** | − 0.118 | 1 | |
p-value | 0.178 | 0.816 | 0.000 | 0.019 | 0.203 | – | |
LnGQGFL | − 0.194** | − 0.073 | − 0.348*** | − 0.117 | − 0.190** | 0.977*** | 1 |
p-value | 0.034 | 0.431 | 0.000 | 0.206 | 0.038 | 0.000 | – |
