Economics Research International / 2016 / Article / Tab 2

Research Article

Public Debt and External Reserve: The Nigerian Experience (1981–2013)

Table 2

Correlation matrix for variables in the model.

VariablesEXTRPDEBTM2NEXCR

EXTR1.0000000.8315590.8360280.460382
PDEBT0.8315591.0000000.8517450.527093
M20.8360280.8517451.0000000.437655
NEXR0.4603820.5270930.4376551.000000

Source: author’s computation using E-views result.