Table 4 Lagged explanatory variables... | Emerald Publishing

Table 4

Lagged explanatory variables specification

	One-period lagged IV		Two-period lagged IV
	(1)	(2)	(3)	(4)
	Justtran	Justtran	Justtran	Justtran
L.cps	5.4129^***	4.7891^***
L.cps	(0.405)	(0.426)
L.iqi	1.5237^***	2.1188^***
L.iqi	(0.169)	(0.190)
L.cps*L.liqi		1.0385^***
L.cps*L.liqi		(0.140)
L2.cps			5.6330***	5.0185***
L2.cps			(0.454)	(0.462)
L2.iqi			1.7545***	2.5425***
L2.iqi			(0.157)	(0.212)
L2.cps*L2.iqi				1.1849***
L2.cps*L2.iqi				(0.139)
climvar	41.6124^***	32.4549^***	40.6157***	31.8766***
climvar	(4.608)	(4.915)	(4.853)	(5.228)
hdi	−53.7644^***	−57.5491^***	−64.4488***	−70.0065***
hdi	(7.315)	(7.240)	(6.587)	(5.878)
gdppcap	−0.0002^***	−0.0002^***	−0.0002***	−0.0002***
gdppcap	(0.000)	(0.000)	(0.000)	(0.000)
fmdev	−0.0633^***	−0.0623^***	−0.0668***	−0.0676***
fmdev	(0.006)	(0.006)	(0.007)	(0.006)
fossil	−0.0039	0.0080	0.0031	0.0144*
fossil	(0.009)	(0.009)	(0.008)	(0.008)
Constant	117.9830^***	123.0041^***	129.6659***	136.0806***
Constant	(6.521)	(6.129)	(5.667)	(4.644)
Year effect	Yes	Yes	Yes	Yes
Income group effect	Yes	Yes	Yes	Yes
R-squared	0.4081	0.4605	0.4159	0.4788
Observations	552	552	460.0000	460.0000
Prob > χ²	0.0000	0.0000	0.0000	0.0000

	One-period lagged IV		Two-period lagged IV
	(1)	(2)	(3)	(4)
	Justtran	Justtran	Justtran	Justtran
L.cps	5.4129^***	4.7891^***
L.cps	(0.405)	(0.426)
L.iqi	1.5237^***	2.1188^***
L.iqi	(0.169)	(0.190)
L.cps*L.liqi		1.0385^***
L.cps*L.liqi		(0.140)
L2.cps			5.6330***	5.0185***
L2.cps			(0.454)	(0.462)
L2.iqi			1.7545***	2.5425***
L2.iqi			(0.157)	(0.212)
L2.cps*L2.iqi				1.1849***
L2.cps*L2.iqi				(0.139)
climvar	41.6124^***	32.4549^***	40.6157***	31.8766***
climvar	(4.608)	(4.915)	(4.853)	(5.228)
hdi	−53.7644^***	−57.5491^***	−64.4488***	−70.0065***
hdi	(7.315)	(7.240)	(6.587)	(5.878)
gdppcap	−0.0002^***	−0.0002^***	−0.0002***	−0.0002***
gdppcap	(0.000)	(0.000)	(0.000)	(0.000)
fmdev	−0.0633^***	−0.0623^***	−0.0668***	−0.0676***
fmdev	(0.006)	(0.006)	(0.007)	(0.006)
fossil	−0.0039	0.0080	0.0031	0.0144*
fossil	(0.009)	(0.009)	(0.008)	(0.008)
Constant	117.9830^***	123.0041^***	129.6659***	136.0806***
Constant	(6.521)	(6.129)	(5.667)	(4.644)
Year effect	Yes	Yes	Yes	Yes
Income group effect	Yes	Yes	Yes	Yes
R-squared	0.4081	0.4605	0.4159	0.4788
Observations	552	552	460.0000	460.0000
Prob > χ²	0.0000	0.0000	0.0000	0.0000

Note(s): Standard errors in parentheses. ^*p < 0.10, ^**p < 0.05, ^***p < 0.01

Source(s): Authors’ compilation