Question

The correlation coefficient between Openness (as a percentage) and the GINI Index for each country is:...

The correlation coefficient between Openness (as a percentage) and the GINI Index for each country is:

Italy: 0.25941061

Sweden: 0.49981979

Please report and interpret this relationship in up to 200 words and state for which country this relationship is stronger.

[Hint: the GINI is often used as a proxy for the ratio of skilled to unskilled wages in empirical studies].

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