Table 4 Correlation matrices
From: Effect of interest rate on economic performance: evidence from Islamic and non-Islamic economies
Muslim countries: Model 3 for saving | |||||||
RIR | GNE | PRR | DCBS (-1) | GDPDEF | LOG (GPCC) | T | |
RIR | 1.000 | −0.232 | −0.144 | −0.271 | −0.606 | −0.187 | −0.046 |
GNE | −0.232 | 1.000 | 0.133 | 0.023 | 0.231 | 0.623 | −0.348 |
PRR | −0.144 | 0.133 | 1.000 | 0.207 | 0.055 | 0.159 | −0.284 |
DCBS (-1) | −0.271 | 0.023 | 0.207 | 1.000 | −0.110 | 0.112 | 0.549 |
GDPdef | −0.606 | 0.231 | 0.055 | −0.110 | 1.000 | 0.051 | −0.076 |
LOG (GPCC) | −0.187 | 0.623 | 0.159 | 0.112 | 0.051 | 1.000 | −0.294 |
T | −0.046 | −0.348 | −0.284 | 0.549 | −0.076 | −0.294 | 1.000 |
Non-Muslim countries: Model 1 for saving | |||||||
RIR | GNE | PRR | DCBS (-1) | GDPDEF | LOG (GPCC) | T | |
RIR | 1.000 | −0.198 | −0.122 | −0.106 | −0.461 | −0.244 | −0.373 |
GNE | −0.198 | 1.000 | 0.150 | 0.622 | −0.041 | 0.680 | 0.079 |
PRR | −0.122 | 0.150 | 1.000 | 0.007 | −0.159 | 0.115 | −0.172 |
DCBS (-1) | −0.106 | 0.622 | 0.007 | 1.000 | −0.231 | 0.253 | 0.321 |
GDPdef | −0.461 | −0.041 | −0.159 | −0.231 | 1.000 | 0.072 | 0.198 |
LOG (GPCC) | −0.244 | 0.680 | 0.115 | 0.253 | 0.072 | 1.000 | −0.110 |
T | −0.373 | 0.079 | −0.172 | 0.321 | 0.198 | −0.110 | 1.000 |
Muslim countries: Model 4 for investment | |||||||
RIR | GNE | PRR | DCBS | GDPDEF | LOG (GPCC) | T | |
RIR | 1.000 | −0.225 | −0.130 | −0.218 | −0.604 | −0.199 | −0.080 |
GNE | −0.225 | 1.000 | 0.144 | 0.023 | 0.225 | 0.611 | −0.332 |
PRR | −0.130 | 0.144 | 1.000 | 0.203 | 0.033 | 0.172 | −0.271 |
DCBS | −0.218 | 0.023 | 0.203 | 1.000 | −0.170 | 0.119 | 0.557 |
GDPdef | −0.604 | 0.225 | 0.033 | −0.170 | 1.000 | 0.074 | −0.046 |
LOG (GPCC) | −0.199 | 0.611 | 0.172 | 0.119 | 0.074 | 1.000 | −0.280 |
T | −0.080 | −0.332 | −0.271 | 0.557 | −0.046 | −0.280 | 1.000 |
Non-Muslim countries: Model 2 for investment | |||||||
RIR | GNE | PRR | DCBS | GDPDEF | LOG (GPCC) | T | |
RIR | 1.000 | −0.191 | −0.116 | −0.070 | −0.426 | −0.241 | −0.357 |
GNE | −0.191 | 1.000 | 0.150 | 0.614 | −0.061 | 0.674 | 0.068 |
PRR | −0.116 | 0.150 | 1.000 | 0.009 | −0.167 | 0.115 | −0.170 |
DCBS | −0.070 | 0.614 | 0.009 | 1.000 | −0.298 | 0.251 | 0.310 |
GDPdef | −0.426 | −0.061 | −0.167 | −0.298 | 1.000 | 0.053 | 0.157 |
LOG (GPCC) | −0.241 | 0.674 | 0.115 | 0.251 | 0.053 | 1.000 | −0.120 |
T | −0.357 | 0.068 | −0.170 | 0.310 | 0.157 | −0.120 | 1.000 |