Table 6 FMOLS and DOLS model estimates... | Emerald Publishing

Table 6

FMOLS and DOLS model estimates

	FMOLS	DOLS	FMOLS	DOLS
LnGDP	−18.919*** (−4.46)	−16.305*** (−3.582)
LnGDP²	2.781*** (4.47)	2.403*** (3.601)
LnGDP³	−0.136*** (−4.474)	−0.118*** (−3.618)
LnEU	1.266*** (18.74)	1.2611*** (18.46)
LnTO	−0.058*** (−3.307)	−0.076*** (−5.228)
LnGDP*lnTO			−0.561*** (−9.958)	−0.6100*** (−12.34)
LnGDP^2*lnTO			0.0955*** (6.143)	0.1062*** (7.64)
LnGDP^3*lnTO			−0.0053*** (−4.917)	−0.006*** (−6.18)
LnEU*lnTO			1.0191*** (33.63)	1.062*** (46.15)
R²	0.999298	0.999780	0.999105	0.999695
Adj. R²	0.999229	0.999650	0.999036	0.999566
S.E. of Reg	0.015204	0.009972	0.017009	0.011105
Long-run var	0.000302	0.000112	0.000493	0.000180
EKC Shape	Inverted N-Shape	Inverted N-Shape	Inverted N-Shape	Inverted N-Shape
Turning points	$685.39 $1224.14	$765.09 $1012.31	$152.93 $1074.91	$156.02 $812.40

	FMOLS	DOLS	FMOLS	DOLS
LnGDP	−18.919*** (−4.46)	−16.305*** (−3.582)
LnGDP²	2.781*** (4.47)	2.403*** (3.601)
LnGDP³	−0.136*** (−4.474)	−0.118*** (−3.618)
LnEU	1.266*** (18.74)	1.2611*** (18.46)
LnTO	−0.058*** (−3.307)	−0.076*** (−5.228)
LnGDP*lnTO			−0.561*** (−9.958)	−0.6100*** (−12.34)
LnGDP^2*lnTO			0.0955*** (6.143)	0.1062*** (7.64)
LnGDP^3*lnTO			−0.0053*** (−4.917)	−0.006*** (−6.18)
LnEU*lnTO			1.0191*** (33.63)	1.062*** (46.15)
R²	0.999298	0.999780	0.999105	0.999695
Adj. R²	0.999229	0.999650	0.999036	0.999566
S.E. of Reg	0.015204	0.009972	0.017009	0.011105
Long-run var	0.000302	0.000112	0.000493	0.000180
EKC Shape	Inverted N-Shape	Inverted N-Shape	Inverted N-Shape	Inverted N-Shape
Turning points	$685.39$1224.14	$765.09$1012.31	$152.93$1074.91	$156.02$812.40

Note(s): Asterisks ***, **, * indicate significant at 1%, 5% and 10% percent respectively

Source(s): Authors’ work