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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.
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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
