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Table 5 Correlation matrix for the panel data

From: The role of natural resources in financial expansion: evidence from Central Asia

 

FE

Y

NR

HD

INQ

FE

1

    

Y

0.7369

1

   

NR

0.1389

0.3032

1

  

HD

0.4516

0.4237

− 0.256

1

 

INQ

0.6011

0.4297

− 0.3124

0.4885

1