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Table 2 Cross-correlations

From: On real estate development activity: the relationship between commercial and residential real estate markets

  \(\hbox {C}_{\mathrm{jt}}^r \) \(\hbox {C}_{\mathrm{jt}}^c \) \(\textit{GDP}_t \)
\(\hbox {C}_{\mathrm{jt}}^r \) 1.00   
\(\hbox {C}_{\mathrm{jt}}^c \) 0.39*** 1.00  
\(\textit{GDP}_t \) 0.31*** \(-\)0.08 1.00
  1. This table presents the correlation matrix between the variables in Table 1. *** denotes significance at the 1 per cent level