Table 7 Results of short-run VECM...

Table 7

Results of short-run VECM estimates

	Coef.	Std. err.	Z	p>\|z\|	[95% Conf	Interval]	Sig
D_Deforestation _cel
L1	−0.15	0.031	−4.89	0.001	−0.210	−0.090	***
LD	−0.624	0.196	3.18	0.001	1.009	0.239	***
L2D	−0.207	0.126	1.64	0.101	0.454	0.04
Income
LD	−0.004	0.121	3.31	0.001	1.010	0.241	***
L2D	−0.002	0.101	2.34	0.019	0.612	0.010	**
Natural Resource Rent
LD	0.115	0.021	5.6	0.001	0.001	0.004	***
L2D	0.002	0.001	0.87	0.385	0.001	0.001
Renewables (Biomass)
LD	0.002	0.001	2.86	0.004	0.001	0.004	***
L2D	0.001	0.001	1.64	0.100	0.001	0.003
Institutional Quality
LD	−0.021	0.035	−0.60	0.551	−0.088	0.047
L2D	−0.001	0.029	−0.02	0.982	−0.057	0.056
Total Population
LD	0.001	0.001	1.48	0.139	0.001	0.001
L2D	−0.001	0.001	−0.67	0.501	0.001	0.001
Constant	0.079	0.017	4.74	0.001	0.046	0.112	***
Mean dependent var	0.001		SD dependent var		0.007
Number of obs	31.000		Akaike crit. (AIC)

	Coef.	Std. err.	Z	p>\|z\|	[95% Conf	Interval]	Sig
D_Deforestation _cel
L1	−0.15	0.031	−4.89	0.001	−0.210	−0.090	***
LD	−0.624	0.196	3.18	0.001	1.009	0.239	***
L2D	−0.207	0.126	1.64	0.101	0.454	0.04
Income
LD	−0.004	0.121	3.31	0.001	1.010	0.241	***
L2D	−0.002	0.101	2.34	0.019	0.612	0.010	**
Natural Resource Rent
LD	0.115	0.021	5.6	0.001	0.001	0.004	***
L2D	0.002	0.001	0.87	0.385	0.001	0.001
Renewables (Biomass)
LD	0.002	0.001	2.86	0.004	0.001	0.004	***
L2D	0.001	0.001	1.64	0.100	0.001	0.003
Institutional Quality
LD	−0.021	0.035	−0.60	0.551	−0.088	0.047
L2D	−0.001	0.029	−0.02	0.982	−0.057	0.056
Total Population
LD	0.001	0.001	1.48	0.139	0.001	0.001
L2D	−0.001	0.001	−0.67	0.501	0.001	0.001
Constant	0.079	0.017	4.74	0.001	0.046	0.112	***
Mean dependent var	0.001		SD dependent var		0.007
Number of obs	31.000		Akaike crit. (AIC)

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1

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