Table 8 Short- and long-run dynamic ARDL... | Emerald Publishing

Table 8

Short- and long-run dynamic ARDL simulation results

Variables	Coefficient	Std. errors	t-value
ECT	−0.215**	0.096	−2.25
Short run
Non-renewable	0.004	0.003	1.47
Green innovation	0.006	0.004	1.66
Institutions	−0.235***	0.079	−2.99
Inflation	−0.002**	0.001	−2.00
Foreign direct Invst	−0.027	0.019	−1.38
Long run
Non-renewable	0.009**	0.004	2.24
Green innovation	0.012**	0.005	2.21
Institutions	−0.11**	0.049	−2.16
Inflation	−0.002**	0.001	−2.02
Foreign direct Invst	0.006	0.024	0.26
$R^{2}$ = 0.903	Adj $r^{2}$ = 847	Root MSE = 0.0498	Prob > F = 0.000

Variables	Coefficient	Std. errors	t-value
ECT	−0.215**	0.096	−2.25
Short run
Non-renewable	0.004	0.003	1.47
Green innovation	0.006	0.004	1.66
Institutions	−0.235***	0.079	−2.99
Inflation	−0.002**	0.001	−2.00
Foreign direct Invst	−0.027	0.019	−1.38
Long run
Non-renewable	0.009**	0.004	2.24
Green innovation	0.012**	0.005	2.21
Institutions	−0.11**	0.049	−2.16
Inflation	−0.002**	0.001	−2.02
Foreign direct Invst	0.006	0.024	0.26
$R^{2}$ = 0.903	Adj $r^{2}$ = 847	Root MSE = 0.0498	Prob > F = 0.000

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1 show significance at 1%, 5 and 10% respectively

Source(s): Authors’ computation