Table 4

Financial Access, Employment and CO2 emissions (DCPS Policy Thresholds and Thresholds for Complementary Policies)

Dependent variable: CO2 emissions
OLSQ.10Q.25Q.50Q.75Q.90
Constant−109.23265**0.024751***−165.37139***−94.13734−103.85750*−96.03241
(48.49421)(0.009299)(57.43695)(62.52525)(59.03528)(77.29034)
Employment (Empl)−0.00522***0.000013***0.01385***0.00033***−0.03545***−0.07690***
(0.00681)(0.005926)(0.00802)(0.00874)(0.00825)(0.01080)
DCPS−0.00770***−0.000002***0.00441***−0.00632***−0.02423***−0.04955***
(0.00460)(0.000124)(0.00511)(0.00557)(0.00526)(0.00688)
DCEmpl0.00012***1.389951***−0.00017***−0.00004***0.00053***0.00088***
(0.00009)(0.144250)(0.00011)(0.00012)(0.00011)(0.00014)
GDP0.94879***0.018413*1.00881***0.60263***0.65249***1.04227***
(0.09945)(0.009732)(0.12449)(0.13552)(0.12795)(0.16752)
FDI−0.00237***−0.025597***0.01132***−0.00195***−0.01561***0.02482**
(0.00387)(0.007542)(0.00840)(0.00914)(0.00863)(0.01130)
Population−0.02029***0.065660**−0.02410***−0.00952***−0.02685***−0.03699***
(0.00519)(0.032964)(0.00651)(0.00709)(0.00669)(0.00876)
Time EffectsYesYesYesYesYesYes
Thresholds of DCPS43.5000(+ve)Positive Synergy81.4705(-ve)8.2500(-ve)66.8867(+ve)87.3863 (+ve)
R2/Pseudo R20.3240.2750.2330.1680.2110.346
Fisher27.35***     
Observations377377377377377377

Note(s): Robust standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1. The mean value of DCPS is 54.480 and the range of DCPS is 2.215–201.258

Source(s): Authors’ own work
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