From: Institutional quality and renewable energy capital flows in Africa
Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(1) Capital flows | 1.000 | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â |
(2) Economic freedom ind | 0.024 | 1.000 | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â | Â |
(3) Property Rights | − 0.041 | 0.832 | 1.000 |  |  |  |  |  |  |  |  |  |  |  |  |
(4) Government integrity | − 0.035 | 0.522 | 0.431 | 1.000 |  |  |  |  |  |  |  |  |  |  |  |
(5) Business freedom | − 0.092 | 0.671 | 0.610 | 0.463 | 1.000 |  |  |  |  |  |  |  |  |  |  |
(6) Tax burden | 0.231 | 0.278 | 0.177 | − 0.058 | 0.125 | 1.000 |  |  |  |  |  |  |  |  |  |
(7) Government spending | 0.291 | 0.321 | 0.144 | − 0.205 | 0.029 | 0.126 | 1.000 |  |  |  |  |  |  |  |  |
(8) Monetary freedom | 0.048 | 0.683 | 0.551 | 0.145 | 0.339 | 0.136 | 0.471 | 1.000 | Â | Â | Â | Â | Â | Â | Â |
(9) Trade freedom | 0.163 | 0.568 | 0.321 | 0.438 | 0.407 | 0.055 | 0.143 | 0.349 | 1.000 | Â | Â | Â | Â | Â | Â |
(10) Investment Freedom | 0.019 | 0.576 | 0.455 | 0.414 | 0.264 | 0.162 | 0.065 | 0.444 | 0.313 | 1.000 | Â | Â | Â | Â | Â |
(11) Financial freedom | − 0.039 | 0.801 | 0.687 | 0.397 | 0.453 | 0.272 | 0.095 | 0.432 | 0.432 | 0.523 | 1.000 |  |  |  |  |
(12) Interest rate | 0.036 | − 0.139 | − 0.112 | − 0.205 | − 0.212 | 0.221 | − 0.111 | − 0.226 | − 0.121 | 0.121 | 0.055 | 1.000 |  |  |  |
(13) Exchange Rate | 0.189 | − 0.012 | − 0.098 | − 0.121 | 0.021 | 0.092 | 0.231 | 0.037 | 0.039 | − 0.130 | − 0.089 | − 0.074 | 1.000 |  |  |
(14) Urbanisation | − 0.125 | 0.193 | 0.209 | 0.459 | 0.386 | − 0.058 | − 0.261 | 0.050 | 0.135 | 0.129 | 0.145 | − 0.240 | − 0.242 | 1.000 |  |
(15) GDP | − 0.004 | 0.350 | 0.274 | 0.417 | 0.467 | 0.100 | − 0.220 | 0.152 | 0.364 | 0.114 | 0.357 | − 0.171 | − 0.047 | 0.636 | 1.000 |