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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
  1. Note: The definitions of the variables appear in the note under Table 1