Working Paper Series: Special Edition of 2016 to 2018 Interns

Table 22. Correlation Matrix for Model 2 Full Sample

Demand

Size Educat ion

Larger

Legal

Exporter

Foreign

Technical Innovation

Develop

Audit

Overdraft

Growth

Collateral

Duration

Real

LNGDP

Demand

1

Size

-0.0505

1

Education

-0.0139

- 0.02 1 - 0.25 4 0.12 7 - 0.16 9 - 0.16 4 - 0.01 4 - 0.23 5 - 0.13 1 - 0.22 9 - 0.16 7

1

Larger

0.0909

0.0372

1

Legal

-0.0124

- 0.0555 0.0136

-0.148

1

Exporter

-0.0173

0.0861

-0.126

1

Foreign

-0.0461

0.0281

0.201

-0.102

0.124

1

Technical

-0.00782

0.0191

0.0370

-0.006

-0.0250

-0.0595

1

Innovation

-0.110

- 0.0184

0.0700

-0.036

0.183

-0.0002

0.0014

1

Developm

-0.0802

0.0520

0.0544

-0.044

0.203

0.0347

-0.012

0.525

1

Audit

0.00162

0.0663

0.117

-0.070

0.122

0.0400

0.0101

0.144

0.0970

1

Overdraft

-0.00523

- 0.0021 7

0.00139

-0.087

0.0706

-0.036

0.0561

0.115

0.112

0.190

1

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