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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 2 Unconditional correlation

From: Dynamic correlation pattern amongst alternative energy market for diversification opportunities

VariablesWorldDevelopedEmergingEUBRICG7
Pre-GFC
 World1*     
 Developed0.93081*    
 Emerging0.25530.10561*   
 EU0.77320.80160.09311*  
 BRIC0.18070.08520.60130.07201* 
 G70.64730.69560.06000.52580.04781*
Post-GFC      
 World1*0.96490.45580.81600.37470.7185
 Developed 1*0.27040.83940.26460.7540
 Emerging  1*0.23010.68460.2082
 EU   1*0.22310.5850
 BRIC    1*0.1907
 G7     1*
  1. *Significance level at 5% or better