Estimated result of long-run coefficient with rule of law (RL)
| Regressors | Two-step SYS-GMM | |||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| CO2t-1 | 8.2459** (4.1988) | 8.4980* (4.6141) | 8.2109** (4.1051) | 8.2846* (4.4891) |
| Y | 1.7887*** (0.4131) | 2.3794*** (0.4933) | 1.6180*** (0.4089) | 2.6014*** (0.4860) |
| RL | −2.3547 (2.0651) | −3.1756 (2.0595) | −2.4045 (1.8844) | −3.4244* (2.0138) |
| (Y × RL) | 0.2230 (0.2591) | 0.3254 (0.2594) | 0.2150 (0.2337) | 0.3420 (0.2480) |
| REC | −0.0345*** (0.0077) | −0.0464*** (0.0103) | −0.0242*** (0.0086) | −0.0453*** (0.0088) |
| FDI | 0.0778* (0.0426) | 0.0785* (0.0411) | 0.0824* (0.0444) | 0.0867** (0.0420) |
| EIA | 0.0460*** (0.0176) | |||
| EII | 0.0794** (0.0377) | |||
| EIS | −0.0794*** (0.0215) | |||
| Regressors | Two-step SYS-GMM | |||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| CO2t-1 | 8.2459** (4.1988) | 8.4980* (4.6141) | 8.2109** (4.1051) | 8.2846* (4.4891) |
| Y | 1.7887*** (0.4131) | 2.3794*** (0.4933) | 1.6180*** (0.4089) | 2.6014*** (0.4860) |
| RL | −2.3547 (2.0651) | −3.1756 (2.0595) | −2.4045 (1.8844) | −3.4244* (2.0138) |
| (Y × RL) | 0.2230 (0.2591) | 0.3254 (0.2594) | 0.2150 (0.2337) | 0.3420 (0.2480) |
| REC | −0.0345*** (0.0077) | −0.0464*** (0.0103) | −0.0242*** (0.0086) | −0.0453*** (0.0088) |
| FDI | 0.0778* (0.0426) | 0.0785* (0.0411) | 0.0824* (0.0444) | 0.0867** (0.0420) |
| EIA | 0.0460*** (0.0176) | |||
| EII | 0.0794** (0.0377) | |||
| EIS | −0.0794*** (0.0215) | |||
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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