Variable

MCGI

IVDI

BRDS

BDIV

NED

GOWN

DOWN

BOWN

LNFS

SGR

LVG

GDP

INF

MCGI

1

0.259***

−0.058***

0.036

0.411***

0.176***

−0.139***

−0.016

0.468**

0.084**

0.061

0.240***

00.058

IVDI

0.286***

1

0.109**

0.109**

−0.014

−0.042

−0.264***

0.304***

0.304***

0.137***

0.065

0.123***

−0.501***

BRDS

−0.022

0.112***

1

0.059

0.022

0.262***

0.082**

−0.091**

0.344***

0.109**

0.014

−0.087**

0.072**

BDIV

0.053

−0.174***

0.058

1

0.162***

0.012

0.324***

0.292***

−0.031

−0.021

0.041

0.060*

0.066*

NED

0.364***

0.032

0.027

0.357***

1

0.224***

0.213***

0.181***

0.136***

0.021

−0.025

−0.021

−0.021

GOWN

0.147***

−0.011

0.167***

−0.145***

0.068

1

0.124***

0.146***

0.555***

0.052

0.027

−0.031

0.302***

DOWN

−0.155***

−0.231***

0.108***

0.324***

0.224***

0.113***

1

0.688***

0.127**

0.103***

0.079*

−0.048

0.188***

BOWN

−0.008

−0.234***

−0.069

0.278***

0.172***

0.133***

0.566***

1

0.145***

0.062

0.035

−0.042

0.235***

LNFS

0.458***

0.354***

0.341***

0.068

0.126***

0.521***

0.128***

0.157***

1

0.144***

0.223***

0.012

0.172***

SGR

0.071*

0.131***

−0.084**

0.023

0.024

0.022

0.111***

0.098**

0.168***

1

0.064

−0.002

0.068

LVG

0.063

0.081***

0.001

0.153***

−0.031

−0.013

0.069

0.059

0.268***

0.059

1

−0.024

0.045

GDP

0.108***

0.1871***

−0.024

0.054

0.048

−0.041

−0.078

−0.016

0.013

0.011

0.006

1

−0.241***

INF

0.021

−0.399***

0.171***

−0.076**

−0.132***

0.271***

0.266***

0.311***

0.232***

0.068

0.061*

−0.251***

1