Table 3 Cross-sectional dependence test...

Table 3

Cross-sectional dependence test

Variables	CD-test	p-value
LNCO2	46.587	0.000***
LNGDP	62.254	0.000***
LNGDP_SQUARED	61.719	0.000***
TRADE	6.255	0.000***
UR	50.697	0.000***
IND	18.609	0.000***
IP	2.932	0.003***

Note(s): The sample has 329 observations in West and South Asian countries from 2000 to 2020. Variable definitions are in Appendix A. Significance: *p < 0.10, **p < 0.05, ***p < 0.01

Source(s): Authors’ calculations

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