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Table 3 Spearman rank correlation test

From: Cloud economy and its relationship with China’s economy—a capital market-based approach

Panel A

CCEI

PKU-DFIIC

Panel B

CCEI

CHIT

CCEI

1.000

0.786

CCEI

1.000

0.796

PKU-DFIIC

0.786

1.000

CHIT

0.796

1.000

  1. Panel A result is based on annual data from 2013 to 2018. Panel B result is based on monthly data from January 2012 to December 2020