Estimated result of long-run coefficient with government effectiveness (GE)
| Regressors | Two-step SYS-GMM | |||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| CO2t-1 | 7.8035** (3.6567) | 7.6655** (3.8447) | 7.6425** (3.4556) | 7.4922** (3.7643) |
| Y | 1.8705*** (0.3762) | 2.4915*** (0.4887) | 1.7340*** (0.3669) | 2.7106*** (0.5082) |
| GE | −4.2939* (2.4242) | −5.4432** (2.6233) | −4.5008** (2.2828) | −6.3286** (2.7384) |
| (Y GE) | 0.4739* (0.2934) | 0.6092* (0.3189) | 0.4892* (0.2720) | 0.7072** (0.3298) |
| REC | −0.0363*** (0.0077) | −0.0488*** (0.0097) | −0.0278*** (0.0078) | −0.0470*** (0.0086) |
| FDI | 0.0674* (0.0046) | 0.0665* (0.0370) | 0.0703* (0.0415) | 0.0705* (0.0362) |
| EIA | 0.0479*** (0.0158) | |||
| EII | 0.0696** (0.0314) | |||
| EIS | −0.0787*** (0.0196) | |||
| Regressors | Two-step SYS-GMM | |||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| CO2t-1 | 7.8035** (3.6567) | 7.6655** (3.8447) | 7.6425** (3.4556) | 7.4922** (3.7643) |
| Y | 1.8705*** (0.3762) | 2.4915*** (0.4887) | 1.7340*** (0.3669) | 2.7106*** (0.5082) |
| GE | −4.2939* (2.4242) | −5.4432** (2.6233) | −4.5008** (2.2828) | −6.3286** (2.7384) |
| (Y | 0.4739* (0.2934) | 0.6092* (0.3189) | 0.4892* (0.2720) | 0.7072** (0.3298) |
| REC | −0.0363*** (0.0077) | −0.0488*** (0.0097) | −0.0278*** (0.0078) | −0.0470*** (0.0086) |
| FDI | 0.0674* (0.0046) | 0.0665* (0.0370) | 0.0703* (0.0415) | 0.0705* (0.0362) |
| EIA | 0.0479*** (0.0158) | |||
| EII | 0.0696** (0.0314) | |||
| EIS | −0.0787*** (0.0196) | |||
Note(s): Robust standard errors are reported in parenthesis
Source(s): Author's calculation
Asterisks (***, ** and *) denotes the significance level at 1%, 5 and 10% respectively
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