Robustness test: CO2-PPP as the dependent variable
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Variables | CO2 | IT-CO2 | FDI-CO2 | IT-CO2 | FDI-CO2 |
| L.CO2-PPP | 0.875*** (0.0328) | 0.876*** (0.0313) | 0.892*** (0.0274) | 0.870*** (0.0328) | 0.871*** (0.0328) |
| IT | −0.0184** (0.00746) | −0.0179** (0.00747) | −0.0157** (0.00740) | −0.0181** (0.00716) | −0.0180** (0.00729) |
| FDI | −0.0192 (0.0214) | −0.0193 (0.0213) | −0.0118 (0.0170) | −0.0218 (0.0229) | −0.0202 (0.0214) |
| Trade in low CO2 | −0.00952** (0.220) | −0.00955** (0.209) | −0.00917** (0.188) | −0.00980** (0.216) | −0.0100** (0.217) |
| IT*developing | −0.00229 (0.00431) | ||||
| FDI*developing | −0.0842** (0.0376) | ||||
| IT*COVID19 | −0.00253* (0.00147) | ||||
| FDI*COVID19 | −0.0595* (0.0302) | ||||
| AR(2) | 0.168 | 0.175 | 0.167 | 0.168 | 0.165 |
| Hansen | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Observations | 3,469 | 3,469 | 3,469 | 3,469 | 3,469 |
| No. of id | 121 | 121 | 121 | 121 | 121 |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Variables | CO2 | IT-CO2 | FDI-CO2 | IT-CO2 | FDI-CO2 |
| L.CO2-PPP | 0.875 | 0.876 | 0.892 | 0.870 | 0.871 |
| −0.0184 | −0.0179 | −0.0157 | −0.0181 | −0.0180 | |
| −0.0192 (0.0214) | −0.0193 (0.0213) | −0.0118 (0.0170) | −0.0218 (0.0229) | −0.0202 (0.0214) | |
| Trade in low CO2 | −0.00952 | −0.00955 | −0.00917 | −0.00980 | −0.0100 |
| −0.00229 (0.00431) | |||||
| −0.0842 | |||||
| −0.00253 | |||||
| −0.0595 | |||||
| AR(2) | 0.168 | 0.175 | 0.167 | 0.168 | 0.165 |
| Hansen | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Observations | 3,469 | 3,469 | 3,469 | 3,469 | 3,469 |
| No. of id | 121 | 121 | 121 | 121 | 121 |
Robust standard errors in parentheses (***p < 0.01; **p < 0.05; * p < 0.1)
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