Public Investments, Human Capital, and Political Stability: The Triptych of Economic Success
Figure 8
Per capita growth rate versus government consumption and consumption volatility. (Correlation matrix between per capita GDP growth (Growth) and government consumption (Gov) and government consumption volatility (Volat). Obs = 95. Growth = 1.000 (Growth). Gov = −0.037 (Growth). Volat = −0.159 (Growth).)