The influence of climate-related financial policies on circularity: short-run and long-run effects
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Variables | Municipal waste | Circulation patents | Circular material usage | Recycling waste | Recycling biowaste | Recycling ewaste vestment |
| The short-term effect | ||||||
| EC term | −0.14* (0.083) | −0.55*** (0.107) | −0.50*** (0.118) | −0.52*** (0.119) | −0.22** (0.103) | −0.64*** (0.111) |
| D.CP | 1.82 (1.330) | 0.40 (0.280) | −2.16*** (0.555) | −0.26 (0.265) | −0.44 (0.439) | 0.10 (0.160) |
| The long-term effect | ||||||
| CP | 31.69** (12.394) | 0.85*** (0.230) | 4.52*** (0.242) | 0.52*** (0.068) | 1.45*** (0.254) | 0.12** (0.049) |
| Observations | 144 | 144 | 144 | 144 | 144 | 144 |
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Variables | Municipal waste | Circulation patents | Circular material usage | Recycling waste | Recycling biowaste | Recycling ewaste vestment |
| EC term | −0.14 | −0.55 | −0.50 | −0.52 | −0.22 | −0.64 |
| D.CP | 1.82 (1.330) | 0.40 (0.280) | −2.16 | −0.26 (0.265) | −0.44 (0.439) | 0.10 (0.160) |
| CP | 31.69 | 0.85 | 4.52 | 0.52 | 1.45 | 0.12 |
| Observations | 144 | 144 | 144 | 144 | 144 | 144 |
Note(s): Standard errors in parentheses.
***p < 0.01;
**p < 0.05 and
*p < 0.1. DFE-ARDL is used