| Variables | logC | logGDP | logW | logG | INF | r |
| Panel A: Summary statistics |
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| Mean | 29.404 | 29.828 | 28.556 | 27.916 | 6.100 | −1.392 |
| Median | 29.338 | 29.774 | 28.456 | 27.968 | 4.020 | 0.422 |
| Maximum | 30.158 | 30.481 | 29.583 | 28.427 | 27.421 | 7.805 |
| Minimum | 28.676 | 29.167 | 27.907 | 27.237 | −0.805 | −22.581 |
| Std. dev. | 0.309 | 0.278 | 0.359 | 0.231 | 6.451 | 6.205 |
| Skewness | 0.057 | −0.124 | 1.078 | −0.433 | 1.613 | −1.684 |
| Kurtosis | 3.182 | 3.263 | 4.047 | 3.840 | 5.414 | 6.142 |
| Jarque-Bera | 0.090 | 0.258 | 11.261 | 2.855 | 31.815 | 41.568 |
| Probability | 0.955 | 0.878 | 0.003 | 0.239 | 0.000 | 0.000 |
| Panel B: Correlation matrix |
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| logC | 1.000 |
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| logGDP | 0.985* | 1.000 |
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| logW | 0.800* | 0.774* | 1.000 |
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| logG | 0.819* | 0.802* | 0.759* | 1.000 |
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| INF | −0.392* | −0.368* | −0.134 | −0.256** | 1.000 |
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| r | 0.309* | 0.285** | 0.074 | 0.260** | −0.969* | 1.000 |