EKC results
| Variables | Coefficients |
|---|---|
| lnGold | −3.4340 (4.0360) |
| (lngold)2 | 0.4520 (0.4870) |
| lnOil | 0.0131 (0.0308) |
| (lnoill)2 | 3.16e‐05 (3.15e‐05) |
| lnTimber | 46.4100 (33.9100) |
| (lntimber2) | −1.3540 (0.9900) |
| Urban | −0.0709 (0.2770) |
| Renew | −0.0161 (0.0091) |
| Trade | −0.0010 (0.0009) |
| Gross | 0.0046 (0.0053) |
| lnIndustry | −0.0132 (0.0746) |
| Constant | −388.0 (283.9) |
| Observations | 23 |
| R-squared | 0.9740 |
| Variables | Coefficients |
|---|---|
| lnGold | −3.4340 (4.0360) |
| (lngold)2 | 0.4520 (0.4870) |
| lnOil | 0.0131 (0.0308) |
| (lnoill)2 | 3.16e‐05 (3.15e‐05) |
| lnTimber | 46.4100 (33.9100) |
| (lntimber2) | −1.3540 (0.9900) |
| Urban | −0.0709 (0.2770) |
| Renew | −0.0161 (0.0091) |
| Trade | −0.0010 (0.0009) |
| Gross | 0.0046 (0.0053) |
| lnIndustry | −0.0132 (0.0746) |
| Constant | −388.0 (283.9) |
| Observations | 23 |
| 0.9740 |
Note(s): The dependent variable is ECF
Standard error in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1
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