Working Paper Series: Special Edition of 2016 to 2018 Interns

Table 24. Correlation Matrix for Model 2 ECCU Sub-Sample

Deman d

Size Educat ion

Larger

Legal Exporte r

Foreign Technica l

Innovation

Developm

Audit

Overdra ft

Growth

Collatera l

Duration

Real

LNGD P

Demand

1

Size

- 0.0433 - 0.0320

1

Education

0.08 4 - 0.26 3 0.22 3 - 0.09 8 - 0.14 2 - 0.02 4 - 0.13 4

1

Larger

0.117

- 0.0135

1

Legal

0.0039 0 0.0305

0.0734 -0.153

1

Exporter

- 0.0698

0.0116 -0.138

1

Foreign

- 0.0550

- 0.0377

0.209

- 0.0651

0.104

1

Technical

0.0442

0.0030 0

0.0795

- 0.0482

-0.0898

-0.102

1

Innovation

0.0171

0.0393 0.0477 -0.134

0.265

0.0851

-0.0228

1

54