Estimated results of conditional β convergence test
| G | Manufacturing sectors as a whole | Polluting sectors | Clean sectors |
|---|---|---|---|
| lnCPi,t−1 | −0.1229*** (−143.86) | −0.0824*** (−13.92) | −0.1305*** (−132.31) |
| ES | 0.0036*** (8.34) | 0.0026 (0.69) | 0.0036*** (3.00) |
| IS | 0.0078*** (14.00) | −0.0022 (−0.16) | 0.0115*** (10.73) |
| KL | −0.0077*** (−14.99) | −0.0039*** (−2.93) | −0.0120*** (−30.51) |
| RS | −0.0001*** (−21.21) | −0.0031 (0.1) | −0.0025*** (−8.78) |
| L1.g | 0.4653*** (64.27) | 0.3663*** (2.79) | 0.4597*** (75.69) |
| C | 0.0598** (17.02) | 0.0052 (0.1) | 0.0869** (13.69) |
| Wald | 194105.16 [0.0000] | 11650.69 [0.0000] | 108471.84 [0.0000] |
| AR(1) test | −2.1263 [0.0335] | −2.0302 [0.0423] | −2.0083 [0.0446] |
| AR(2) test | −1.2695 [0.2043] | −1.3454 [0.1785] | −1.0093 [0.3128] |
| Sargan test | 23.0675 [0.9961] | 5.3894 [1.0000] | 13.2689 [1.0000] |
| Model | SYS-GMM | SYS-GMM | SYS-GMM |
| Number of observations | 377 | 130 | 247 |
| G | Manufacturing sectors | Polluting sectors | Clean sectors |
|---|---|---|---|
| lnCPi,t−1 | −0.1229 | −0.0824 | −0.1305 |
| ES | 0.0036 | 0.0026 (0.69) | 0.0036 |
| IS | 0.0078 | −0.0022 (−0.16) | 0.0115 |
| KL | −0.0077 | −0.0039 | −0.0120 |
| RS | −0.0001 | −0.0031 (0.1) | −0.0025 |
| L1.g | 0.4653 | 0.3663 | 0.4597 |
| C | 0.0598 | 0.0052 (0.1) | 0.0869 |
| Wald | 194105.16 [0.0000] | 11650.69 [0.0000] | 108471.84 [0.0000] |
| AR(1) test | −2.1263 [0.0335] | −2.0302 [0.0423] | −2.0083 [0.0446] |
| AR(2) test | −1.2695 [0.2043] | −1.3454 [0.1785] | −1.0093 [0.3128] |
| Sargan test | 23.0675 [0.9961] | 5.3894 [1.0000] | 13.2689 [1.0000] |
| Model | SYS-GMM | SYS-GMM | SYS-GMM |
| Number of observations | 377 | 130 | 247 |
Notes:
Figures in parentheses are z-statistics and figures in brackets are p values, *** p < 0.01; ** p < 0.05; * p < 0.1
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