Table 3 Empirical Data Correlation Matrix
Observed variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHI 1 | 1 | – | – | – | – | – | – | – | – | – | – | – |
HHI 2 | 0.37 | 1 | – | – | – | – | – | – | – | – | – | – |
HHI 3 | 0.38 | 0.43 | 1 | – | – | – | – | – | – | – | – | – |
HHI 4 | 0.40 | 0.30 | 0.39 | 1 | – | – | – | – | – | – | – | – |
HHI 5 | 0.26 | 0.27 | 0.30 | 0.35 | 1 | – | – | – | – | – | – | – |
HHI 6 | 0.31 | 0.34 | 0.44 | 0.50 | 0.41 | 1 | – | – | – | – | – | – |
HHI 7 | 0.36 | 0.27 | 0.34 | 0.29 | 0.31 | 0.38 | 1 | – | – | – | – | – |
HHI 8 | 0.44 | 0.49 | 0.47 | 0.51 | 0.21 | 0.48 | 0.27 | 1 | – | – | – | – |
HHI 9 | 0.31 | 0.41 | 0.41 | 0.37 | 0.24 | 0.42 | 0.39 | 0.46 | 1 | – | – | – |
HHI 10 | 0.29 | 0.19 | 0.31 | 0.48 | 0.23 | 0.38 | 0.26 | 0.38 | 0.39 | 1 | – | – |
HHI 11 | 0.13 | 0.20 | 0.25 | 0.21 | 0.26 | 0.14 | 0.20 | 0.27 | 0.21 | 0.24 | 1 | – |
HHI 12 | 0.30 | 0.32 | 0.38 | 0.31 | 0.27 | 0.36 | 0.25 | 0.42 | 0.33 | 0.27 | 0.27 | 1 |