Table 3. Current RGDP growth... | Emerald Publishing

Table 3.

Current RGDP growth (annualised) and climate change

Dependent variable		y_t
Variable		Coef.	Prob.
Panel A: OLS estimates
C		1.298	0.012
y_t_–1		0.726	0.000
Climate		−0.080	0.616
$\bar{R^{2}}$			0.517
Panel B: Quantile regression estimates
	Quantile	Coef.	Prob.
y_t_–1	0.1	0.776	0.000
	0.2	0.837	0.000
	0.3	0.846	0.000
	0.4	0.809	0.000
	0.5	0.811	0.000
	0.6	0.812	0.000
	0.7	0.792	0.000
	0.8	0.815	0.000
	0.9	0.268	0.809
Climate	0.1	−0.111	0.387
	0.2	−0.009	0.633
	0.3	0.009	0.686
	0.4	−0.004	0.875
	0.5	0.000	0.989
	0.6	0.004	0.871
	0.7	0.021	0.273
	0.8	0.045	0.108
	0.9	0.141	0.525

Dependent variable		y_t
Variable		Coef.	Prob.
Panel A: OLS estimates
C		1.298	0.012
y_t_–1		0.726	0.000
Climate		−0.080	0.616
$\bar{R^{2}}$			0.517
Panel B: Quantile regression estimates
	Quantile	Coef.	Prob.
y_t_–1	0.1	0.776	0.000
	0.2	0.837	0.000
	0.3	0.846	0.000
	0.4	0.809	0.000
	0.5	0.811	0.000
	0.6	0.812	0.000
	0.7	0.792	0.000
	0.8	0.815	0.000
	0.9	0.268	0.809
Climate	0.1	−0.111	0.387
	0.2	−0.009	0.633
	0.3	0.009	0.686
	0.4	−0.004	0.875
	0.5	0.000	0.989
	0.6	0.004	0.871
	0.7	0.021	0.273
	0.8	0.045	0.108
	0.9	0.141	0.525

Note(s):

This table reports results for equation (3) where y_t = f(y_t_–1, Climate) estimated using the OLS and Quantile Regression methods. Climate is Principal Component of climate change variables, log of floods, log of temperature and log of precipitation

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