| Variables | lec | rgdpgr | openess | fdi | popgr | indus |
| lec | 1.00 |
|
|
|
|
|
| rgdpgr | 0.08 | 1.00 |
|
|
|
|
| openess | −0.13 | 0.12 | 1.00 |
|
|
|
| fdi | 0.07 | 0.20 | 0.23 | 1.00 |
|
|
| popgr | −0.09 | 0.17 | 0.09 | 0.07 | 1.00 |
|
| indus | 0.52 | −0.05 | −0.14 | −0.06 | −0.25 | 1.00 |
| VIF |
| 1.07 | 1.09 | 1.10 | 1.10 | 1.09 |
| TOLERANCE |
| 0.93 | 0.92 | 0.91 | 0.91 | 0.92 |