Hell yh there is - http://medind.nic.in/jae/t05/i2/jaet05i2p55.pdf
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No
No, it depends upon the size of the coefficient of correlation: the closer to ±1 the stronger the correlation.When the correlation coefficient is positive, one variable increases as the other increases; when negative one increases as the other decreases.
The average size of the male foot can vary from different cultures and regions. But, taken all males on Earth into consideration, the average size of the male foot is between 9 and 10.
It's not only economists that offer this warning. It's true anywhere that correlation coefficients are to be interpreted. Let me offer an example from psychology. In many populations there's a significant correlation between the shoe sizes of people and their intelligence quotients. But no-one would say that increasing a person's shoe size would increase their intelligence!
Assuming that all of these coefficients are based on samples of the same size then the weakest correlation is -0.01 because its absolute value (0.01) is the smallest.