Table 2 Correlation matrix between the study variables in GCC
From: Does electricity consumption impacting financial development? Wavelet analysis
KSA | UAE | QAT | OMA | KUA | BAH | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FD | EPC | FD | EPC | FD | EPC | FD | EPC | FD | EPC | FD | EPC | |
FD | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | ||||||
EPC | 0.5427 | 1.000 | 0.3528 | 1.000 | 0.6542 | 1.000 | 0.2856 | 1.000 | 0.0852 | 1.000 | 0.0758 | 1.000 |