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Table 2 Correlation matrix.

From: The stock market capitalisation and financial growth nexus: an empirical study of western European countries

 

CPI

DCF

FDINI

GDPPG

SMC

STTR

CPI

 Coefficient

1.000

     

 t-test

–

     

 Sig

–

     

DCF

 Coefficient

 − 0.215

1.000

    

 t-test

 − 4.170

–

    

 Sig

0.000

–

    

FDINI

 Coefficient

 − 0.085

0.171

1.000

   

 t-test

 − 1.619

3.289

–

   

 Sig

0.106

0.001

–

   

GDPPG

 Coefficient

0.027

 − 0.142

 − 0.035

1.000

  

 t-test

0.511

 − 2.720

 − 0.674

–

  

 Sig

0.609

0.006

0.500

–

  

SMC

 Coefficient

 − 0.244

0.352

0.154

0.076

1.000

 

 t-test

 − 4.774

7.129

2.958

1.448

–

 

 Sig

0.000

0.000

0.003

0.148

–

 

STTR

 Coefficient

 − 0.078

0.116

 − 0.014

0.025

 − 0.089

1.000

 t-test

 − 1.486

2.225

 − 0.282

0.483

 − 1.705

–

 Sig

0.137

0.026

0.777

0.6292

0.088

–