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

Table 1 Correlation matrix.

From: Determinants of gross domestic savings in Uganda: an autoregressive distributed lag (ARDL) approach to cointegration

Variables

DIR

GDPg

M2

CAB

GNE

FDI

Deposit interest rate

1

     

GDPg

− 0.0239

1

    

(0.887)

     

M2

− 0.5166*

0.0732

1

   

(0.00090)

(0.662)

    

CAB

0.0142

− 0.170

− 0.278

1

  

(0.933)

(0.308)

(0.0911)

   

GNE

0.0772

0.5170*

0.118

− 0.4443*

1

 

(0.645)

(0.00090)

(0.479)

(0.00520)

  

FDI

− 0.5166*

0.4233*

0.7620*

− 0.3567*

0.4132*

1

(0.00090)

(0.00810)

(0.000)

(0.0279)

(0.0099)

 
  1. *** p < 0.01, ** p < 0.05, * p < 0.1