Model estimation by dynamic ordinary least squares (DOLS)
| Dependent variable: GFG . | ||||
|---|---|---|---|---|
| Sample (adjusted): 1992 2020 . | ||||
| Fixed leads and lags specification (lead = 1, lag = 1) . | ||||
| HAC standard errors and covariance (prewhitening with lags = 1, Bartlett kernel, Newey-West fixed bandwidth = 4.0000) . | ||||
| No d.f. Adjustment for standard errors and covariance . | ||||
| Variable . | Coefficient . | Std. Error . | t-Statistic . | Prob . |
| I | 0.031556 | 0.002187 | 14.42926 | 2.88E−05 |
| CO2 | −0.06296 | 0.006283 | −10.0198 | 0.000169 |
| GDPg | −0.00505 | 0.00246 | −2.05166 | 0.095441 |
| FDIIN | −0.00871 | 0.001754 | −4.96803 | 0.004219 |
| FD | 0.676,968 | 0.039048 | 17.33676 | 1.17E−05 |
| POP | 0.19015 | 0.014306 | 13.29163 | 4.31E−05 |
| R-squared | 0.9963 | Mean dependent var | 0.8681 | |
| Adjusted R-squared | 0.9738 | S.D. dependent var | 0.0745 | |
| S.E. of regression | 0.0121 | Sum squared resid | 0.0006 | |
| Dependent variable: GFG . | ||||
|---|---|---|---|---|
| Sample (adjusted): 1992 2020 . | ||||
| Fixed leads and lags specification (lead = 1, lag = 1) . | ||||
| HAC standard errors and covariance (prewhitening with lags = 1, Bartlett kernel, Newey-West fixed bandwidth = 4.0000) . | ||||
| No d.f. Adjustment for standard errors and covariance . | ||||
| Variable . | Coefficient . | Std. Error . | t-Statistic . | Prob . |
| I | 0.031556 | 0.002187 | 14.42926 | 2.88E−05 |
| CO2 | −0.06296 | 0.006283 | −10.0198 | 0.000169 |
| GDPg | −0.00505 | 0.00246 | −2.05166 | 0.095441 |
| FDIIN | −0.00871 | 0.001754 | −4.96803 | 0.004219 |
| FD | 0.676,968 | 0.039048 | 17.33676 | 1.17E−05 |
| POP | 0.19015 | 0.014306 | 13.29163 | 4.31E−05 |
| R-squared | 0.9963 | Mean dependent var | 0.8681 | |
| Adjusted R-squared | 0.9738 | S.D. dependent var | 0.0745 | |
| S.E. of regression | 0.0121 | Sum squared resid | 0.0006 | |