Table 10

Environmental Kuznets hypothesis – fixed effects models

Model statistics
StatisticCO2pcPM2.5
Observations (N)850850
F statisticF(7,33) = 27.16F(7,33) = 11.64
Prob > F0.00000.0000
R-squared0.90700.9669
Adj R-squared0.89940.9642
Within R-sq0.19560.0301
Root MSE0.11490.0749
Clusters (year)3434
VariableCO2pc (clustered by year)PM2.5 (clustered by year)
BUw−0.083 (0.063)−0.015 (0.013)
FORw0.007 (0.006)−0.011 (0.002)***
BUw × FORw−0.130 (0.041)***−0.033 (0.016)**
GDPpc_c0.270 (0.043)***−0.003 (0.022)
GDPpc_c2−0.059 (0.017)***−0.014 (0.013)
URB0.012 (0.004)***0.003 (0.001)***
ARB0.007 (0.002)***−0.003 (0.002)*
_cons0.977 (0.276)***2.616 (0.079)***

Note(s): Robust standard errors in parentheses (clustered at year level): *p < 0.10, **p < 0.05, ***p < 0.01

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