M

GDP

RP

FDI

REM

Panel A: Summary Statistics

Mean

21.836

23.048

0.433

25.387

18.891

Std. Dev.

1.162

1.321

1.184

1.861

1.722

Minimum

19.379

21.237

−1.293

21.393

13.843

Maximum

25.140

26.863

6.057

30.113

24.017

Obs.

342

342

342

342

342

Panel B: Correlation Matrix

M

1.000

GDP

0.926*

1.000

RP

0.038

0.229*

1.000

FDI

0.891*

0.863*

0.043

1.000

REM

0.663*

0.546*

−0.461*

0.573*

1.000