Working Paper Series: Special Edition of 2016 to 2018 Interns

Table 23. Correlation Matrix for Model1 ECCU Sub-Sample

Loan

Size

Educati on

Large r

Legal Expor ter

Forei gn

Technica l

Innov at

Develo p

Audi t

Overdraf t

Grow th

Collate Rea l

LNGG DP

Loan

1

Size

-0.0283

1

Education

-0.0263

0.0282

1

Larger

-0.0034

-0.178 0.0192

1

Legal

0.0029

0.235

0.0268

- 0.104

1

Exporter

0.0005

-0.103 0.0250 0.027 7

- 0.117 - 0.054 - 0.004 - 0.050 - 0.042 - 0.107 - 0.079 0.065 3 - 0.016 - 0.080

1

Foreign

0.0062

-0.153

-0.023 0.161

0.054 8 0.023 3

1

Technical

0.0005

0.0251 -0.051

- 0.010

- 0.046

1

Innovatio n Developm

0.0288

-0.103 0.0388 0.060 8

0.126 0.066 5 0.104 0.025 9

-0.0149

1

0.0383

- 0.0448

0.0567 0.015 6

-0.0263

0.405

1

Audit

0.0383

-0.149 0.0320 0.152

0.020 1 - 0.018 - 0.048 0.047 0 - 0.013

0.071 6 - 0.023 - 0.042 0.016 1 - 0.092

0.0048

0.083 1 0.011 1 0.006 4 0.003 8 0.005

0.0394

1

Overdraft

0.0175

- 0.0522

0.0380

- 0.015

0.0206

0.0109 0.11 9

1

Growth

0.0251

0.0165 0.0374 0.005 7

-0.0321

-0.033

- 0.05 12

-0.0472

1

Collateral

0.646

- 0.0727 -0.007

-0.050 0.010 6

-0.0177

0.0290 0.01 34

-0.0087

0.003 4 0.082 2

1

Real

-0.0431

-0.010

- 0.032

0.0784

0.011

- 0.00 52 0.03 37

0.0550

-0.028

1

LNGDPC

-0.0382

-0.071

-0.02

0.002 -0.10 -0.03 -0.00

-0.0267

0.045

-0.02

0.0390

0.051

-0.01

0.6 01

1

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