Table 4.

Impact of IB on CO2 emission in developing countries

 (1)(2)(3)(4)
VariablesIT-CO2FDI-CO2IT-GHGFDI-GHG
CO2(lag)0.930*** (0.0432)0.930*** (0.0351)
GHG (lag)0.951*** (0.0154)0.947*** (0.0159)
IT0.655** (0.294)0.895*** (0.295)0.0220 (0.0146)0.0252* (0.0144)
FDI−0.304 (0.423)−0.338 (0.416)−0.00380 (0.0271)−0.00475 (0.0270)
Trade in low CO2−0.209** (0.101)−0.190* (0.107)−0.0146** (0.00635)−0.0155** (0.00632)
IT*developing0.166 (0.289)0.0238** (0.0108)
FDI*developing1.84e-10 (1.26e-10)−0.0001 (0.0001)
AR(2)0.0610.6330.2770.000
Hansen1.0001.0001.0001.000
Observations3,4693,4693,4693,469
No. of id121121121121
Note(s):

Developing is a dummy variable, equal 1 if a country belongs to low or middle income (according to IMF income classification). Robust standard errors in parentheses (***p  < 0.01; **p  < 0.05; *p  < 0.1)

Source(s): Authors’ own work

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