Brent oil price–unemployment nexus model | ||||||
---|---|---|---|---|---|---|
Variables | lunempl | lropbrt | lrgdp | lcpi | lrate | fdi |
lunempl | 1.000 | Â | Â | Â | Â | Â |
lropbrt | 0.349*** (0.000) | 1.000 | Â | Â | Â | Â |
lrgdp | 0.861*** (0.000) | 0.388*** (0.000) | 1.000 | Â | Â | Â |
lcpi | 0.775*** (0.000) | 0.012 (0.883) | 0.874*** (0.000) | 1.000 | Â | Â |
lrate | 0.057 (0.474) | − 0.578*** (0.000) | 0.138* (0.082) | 0.439*** (0.000) | 1.000 |  |
fdi | − 0.019 (0.812) | − 0.278*** (0.000) | 0.059 (0.456) | 0.246*** (0.002) | 0.595*** (0.000) | 1.000 |
WTI oil price–unemployment nexus model | ||||||
---|---|---|---|---|---|---|
 | lunempl | lropwtI | lrgdp | lcpi | lrate | fdi |
lunempl | 1.000 | Â | Â | Â | Â | Â |
lrwti | 0.547*** (0.000) | 1.000 | Â | Â | Â | Â |
lrgdp | 0.872*** (0.000) | 0.479*** (0.000) | 1.000 | Â | Â | Â |
lcpi | 0.742*** (0.000) | 0.229*** (0.005) | 0.908*** (0.000) | 1.000 | Â | Â |
lrate | − 0.151* (0.067) | − 0.481*** (0.000) | 0.043 (0.604) | 0.258*** (0.002) | 1.000 |  |
fdi | − 0.173** (0.035) | − 0.140* (0.089) | − 0.006 (0.943) | 0.098 (0.237) | 0.538*** (0.000) | 1.000 |