Summary Statistics and Correlation Analysis of Economic Indicators in GCC Countries
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This document presents a detailed summary of statistical measures, including means and standard deviations, for various economic indicators within Gulf Cooperation Council (GCC) countries. It includes correlation coefficients analyzing the relationships between log-transformed GDP and other economic variables, providing insights into economic interdependencies among the nations. The data comprises 261 observations for each variable, offering a robust framework for understanding economic dynamics in the region. Understanding these correlations is crucial for policymakers and economists focusing on GCC economies.
Summary Statistics and Correlation Analysis of Economic Indicators in GCC Countries
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Appendix B Table 2 Summary Statistics GCC IDBFi 94 Asian LnXij LnDij Ln(Yi*Yj ) Ln(GDPi*GDPj) Mean 3.1785 7.741 12.07 0.249 0.2644 15.7277 20.7948 Standard Deviation 1.7334 0.9635 28.84 0.4333 0.4418 1.5775 1.4922 Count 261 261 261 261 261 261 261 Table 3 Correlation Ln(GDPi*GDPj ) IDBF i 94 Asian GCC LNDij LN(Yi*Yj) 1.000 -0.385 -0.273 0.09 -0.272 0.055 LN(GDPi*GDPj) -0.385 1.000 0.14 -0.311 0.087 0.036 IDBFi 94 Asian GCC -0.273 0.09 0.14 -0.311 1.000 0.186 - 0.15 0.186 1.000 -0.026 0.27 -0.427 0.087 -0.15 -0.026 -0.272 1.000 0.272 LNDij 0.027 -0.427 0.272 0.055 0.036 1.000 LN(Yi*Yj ) 40