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Table 1 Descriptive statistics and correlation matrix (panel data and cross-sectional data)

From: Does strong governance stimulate the effect of economic freedom and financial literacy on financial inclusion? a cross-country evidence

 

Mean

S.D

FINDEX

GINDEX

EF

GDP

Inflation

VIF

Panel data (the year 2007–2018)

FINDEX

−0.124

0.409

1

     

GINDEX

−0.029

0.987

.320**

1

   

3.673

EF

63.692

8.730

.316**

.837**

1

  

3.375

GDP

1.818

3.457

−.078**

−.145**

−.098**

1

 

1.026

Inflation

4.493

5.154

−.233**

−.451**

−.416**

−0.018

1

1.338

Cross-sectional data (year 2014)

FINDEX

−0.146

0.337

1

     

GINDEX

−0.124

0.899

.570**

1

   

2.226

FL

34.775

12.105

.310**

.712**

1

  

2.092

GDP

2.149

2.158

−.044

.120

.012

1

 

1.096

Inflation

4.326

7.294

−.177

−.373**

−.261**

−.268**

1

1.277