Results of forecast error decomposition (FEVD)
| Step | Income | Natural resource rents | Renewable energy consumption | Institutional quality | Total population |
|---|---|---|---|---|---|
| 1. | 0.264 | 0.001 | 0.035 | 0.038 | 0.015 |
| 2. | 0.200 | 0.000 | 0.122 | 0.233 | 0.008 |
| 3. | 0.170 | 0.003 | 0.237 | 0.279 | 0.013 |
| 4. | 0.182 | 0.004 | 0.350 | 0.236 | 0.030 |
| 5. | 0.182 | 0.004 | 0.455 | 0.192 | 0.037 |
| 6. | 0.180 | 0.012 | 0.502 | 0.173 | 0.038 |
| 7. | 0.187 | 0.017 | 0.524 | 0.159 | 0.038 |
| 8. | 0.193 | 0.018 | 0.532 | 0.152 | 0.040 |
| 9. | 0.192 | 0.017 | 0.539 | 0.152 | 0.042 |
| 10. | 0.188 | 0.016 | 0.542 | 0.156 | 0.044 |
| 11. | 0.184 | 0.015 | 0.541 | 0.163 | 0.047 |
| 12. | 0.181 | 0.014 | 0.538 | 0.169 | 0.050 |
| 13. | 0.178 | 0.013 | 0.537 | 0.174 | 0.052 |
| 14. | 0.175 | 0.012 | 0.536 | 0.179 | 0.055 |
| 15. | 0.172 | 0.011 | 0.536 | 0.182 | 0.056 |
| 16. | 0.171 | 0.011 | 0.536 | 0.184 | 0.057 |
| 17. | 0.170 | 0.010 | 0.537 | 0.185 | 0.058 |
| 18. | 0.169 | 0.010 | 0.538 | 0.186 | 0.059 |
| 19. | 0.168 | 0.009 | 0.539 | 0.187 | 0.059 |
| 20. | 0.167 | 0.009 | 0.540 | 0.188 | 0.060 |
| 21. | 0.167 | 0.009 | 0.541 | 0.189 | 0.060 |
| 22. | 0.166 | 0.008 | 0.541 | 0.190 | 0.061 |
| 23. | 0.165 | 0.008 | 0.542 | 0.190 | 0.061 |
| 24. | 0.165 | 0.008 | 0.542 | 0.191 | 0.062 |
| 25. | 0.164 | 0.008 | 0.542 | 0.192 | 0.062 |
| 26. | 0.164 | 0.007 | 0.543 | 0.193 | 0.062 |
| 27. | 0.163 | 0.007 | 0.543 | 0.193 | 0.063 |
| 28. | 0.163 | 0.007 | 0.543 | 0.194 | 0.063 |
| 29. | 0.162 | 0.007 | 0.543 | 0.194 | 0.063 |
| 30. | 0.162 | 0.007 | 0.544 | 0.195 | 0.064 |
| Step | Income | Natural resource rents | Renewable energy consumption | Institutional quality | Total population |
|---|---|---|---|---|---|
| 1. | 0.264 | 0.001 | 0.035 | 0.038 | 0.015 |
| 2. | 0.200 | 0.000 | 0.122 | 0.233 | 0.008 |
| 3. | 0.170 | 0.003 | 0.237 | 0.279 | 0.013 |
| 4. | 0.182 | 0.004 | 0.350 | 0.236 | 0.030 |
| 5. | 0.182 | 0.004 | 0.455 | 0.192 | 0.037 |
| 6. | 0.180 | 0.012 | 0.502 | 0.173 | 0.038 |
| 7. | 0.187 | 0.017 | 0.524 | 0.159 | 0.038 |
| 8. | 0.193 | 0.018 | 0.532 | 0.152 | 0.040 |
| 9. | 0.192 | 0.017 | 0.539 | 0.152 | 0.042 |
| 10. | 0.188 | 0.016 | 0.542 | 0.156 | 0.044 |
| 11. | 0.184 | 0.015 | 0.541 | 0.163 | 0.047 |
| 12. | 0.181 | 0.014 | 0.538 | 0.169 | 0.050 |
| 13. | 0.178 | 0.013 | 0.537 | 0.174 | 0.052 |
| 14. | 0.175 | 0.012 | 0.536 | 0.179 | 0.055 |
| 15. | 0.172 | 0.011 | 0.536 | 0.182 | 0.056 |
| 16. | 0.171 | 0.011 | 0.536 | 0.184 | 0.057 |
| 17. | 0.170 | 0.010 | 0.537 | 0.185 | 0.058 |
| 18. | 0.169 | 0.010 | 0.538 | 0.186 | 0.059 |
| 19. | 0.168 | 0.009 | 0.539 | 0.187 | 0.059 |
| 20. | 0.167 | 0.009 | 0.540 | 0.188 | 0.060 |
| 21. | 0.167 | 0.009 | 0.541 | 0.189 | 0.060 |
| 22. | 0.166 | 0.008 | 0.541 | 0.190 | 0.061 |
| 23. | 0.165 | 0.008 | 0.542 | 0.190 | 0.061 |
| 24. | 0.165 | 0.008 | 0.542 | 0.191 | 0.062 |
| 25. | 0.164 | 0.008 | 0.542 | 0.192 | 0.062 |
| 26. | 0.164 | 0.007 | 0.543 | 0.193 | 0.062 |
| 27. | 0.163 | 0.007 | 0.543 | 0.193 | 0.063 |
| 28. | 0.163 | 0.007 | 0.543 | 0.194 | 0.063 |
| 29. | 0.162 | 0.007 | 0.543 | 0.194 | 0.063 |
| 30. | 0.162 | 0.007 | 0.544 | 0.195 | 0.064 |
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