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Table 3 Correlation analysis results

From: The effect of military spending on economic growth in MENA: evidence from method of moments quantile regression

Variables

RGDP

RGDPPCP

MIL

MIL_GDP

EMPL

POPGR

CAPSTK

FDI

TROPEN

RGDP

1

        

RGDPPCP

0.243*

1

       

MIL

0.840*

0.467*

1

      

MIL_GDP

 − 0.041

0.468*

0.458*

1

     

EMPL

0.734*

 − 0.461*

0.433*

 − 0.382*

1

    

POPGR

 − 0.047

0.378*

0.076

0.170*

 − 0.309*

1

   

CAPSTK

0.924*

0.159*

0.727*

 − 0.128*

0.720*

 − 0.038

1

  

FDI

 − 0.205*

0.003

 − 0.167*

 − 0.059

 − 0.175*

0.048

 − 0.173*

1

 

TROPEN

 − 0.215*

0.251*

 − 0.137*

0.071

 − 0.343*

0.104*

 − 0.239*

0.224*

1

  1. *Shows significance at the 0.05 level
  2. RGDP, RGDPPCP, MIL, MIL_GDP, EMPL, POPGR, CAPSTK, FDI and TROPEN denote real gross domestic product (M’USD), real gross domestic product per capita (M’USD), military expenditure (M’USD), military burden, employment (M), population growth (%), capital stock at a constant price, 2017 (M'USD), foreign direct investment (%) and trade openness (%), respectively