Results of the 2SLS procedure (obstacle)
| OLS | 2-SLS | |||
|---|---|---|---|---|
| Uncertainty | Environmental regulations | |||
| Medium | 0.0128 | (0.085) | −0.328* | (0.027) |
| Small | 0.00790 | (0.273) | −0.387** | (0.005) |
| Non-manufacturing | −0.000502 | (0.929) | −0.201* | (0.048) |
| Public expenditures (environment) | 0.00113 | (0.147) | 0.104 | (0.503) |
| Financial exposure | −0.0126 | (0.175) | 0.317** | (0.001) |
| CO2 monitoring | −0.0126 | (0.453) | 0.531*** | (0.004) |
| Competition | 0.00294*** | (0.000) | ||
| Uncertainty | 16.67*** | (0.000) | ||
| Constant | 0.102*** | (0.000) | −0.561*** | (0.006) |
| Country FE | Yes | Yes | ||
| Observations | 3,294 | 3,294 | ||
| R2 | 0.01 | |||
| F | 2.875 | |||
| df_m | 8 | 8 | ||
| df_r | 3,195 | |||
| OLS | 2-SLS | |||
|---|---|---|---|---|
| Uncertainty | Environmental regulations | |||
| Medium | 0.0128 | (0.085) | −0.328* | (0.027) |
| Small | 0.00790 | (0.273) | −0.387** | (0.005) |
| Non-manufacturing | −0.000502 | (0.929) | −0.201* | (0.048) |
| Public expenditures (environment) | 0.00113 | (0.147) | 0.104 | (0.503) |
| Financial exposure | −0.0126 | (0.175) | 0.317** | (0.001) |
| CO2 monitoring | −0.0126 | (0.453) | 0.531*** | (0.004) |
| Competition | 0.00294*** | (0.000) | ||
| Uncertainty | 16.67*** | (0.000) | ||
| Constant | 0.102*** | (0.000) | −0.561*** | (0.006) |
| Country FE | Yes | Yes | ||
| Observations | 3,294 | 3,294 | ||
| 0.01 | ||||
| 2.875 | ||||
| df_m | 8 | 8 | ||
| df_r | 3,195 | |||
Note(s): p-values in parentheses *p < 0.05, **p < 0.01, ***p < 0.001
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