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Table 1 Correlation matrix for real cocoa output (co), real cocoa price (cp), and real GDP per capita (y)

From: The relevance of domestic and foreign factors in driving Ghana’s business cycle

 

co

cp

y

co

1.000000

\(-\,\)0.429228

0.164550

cp

\(-\,\)0.429228

1.000000

\(-\,\)0.212392

y

0.164550

\(-\,\)0.212392

1.000000