Dynamic correlation pattern amongst alternative energy market for diversification opportunities

Journal of Economic Structures

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

Table 2 Unconditional correlation

Variables	World	Developed	Emerging	EU	BRIC	G7
Pre-GFC
World	1*
Developed	0.9308	1*
Emerging	0.2553	0.1056	1*
EU	0.7732	0.8016	0.0931	1*
BRIC	0.1807	0.0852	0.6013	0.0720	1*
G7	0.6473	0.6956	0.0600	0.5258	0.0478	1*
Post-GFC
World	1*	0.9649	0.4558	0.8160	0.3747	0.7185
Developed		1*	0.2704	0.8394	0.2646	0.7540
Emerging			1*	0.2301	0.6846	0.2082
EU				1*	0.2231	0.5850
BRIC					1*	0.1907
G7						1*