Table 3 Correlations matrix

lgdp

1

lfdi

0.331^***

1

lpop

0.539^***

0.267^***

1

ys

0.101^***

0.153^***

− 0.0880^***

1

ldi

0.587^***

0.362^***

0.854^***

0.256^***

1

lgov

0.523^***

0.308^***

0.830^***

0.196^***

0.894^***

1

lcre

0.580^***

0.373^***

0.871^***

0.252^***

0.956^***

0.903^***

1

inf

0.0113

0.00241

0.00426

− 0.0924^***

− 0.0479^*

− 0.0487^*

− 0.0581^**

1