Figure 2
The figure displays five line graphs arranged in two rows and three columns, each showing responses over “Step” from 0 to 30. The first graph, titled “Responses, Income, Deforestation”, has a vertical axis ranging from negative 0.00004 to positive 0.00002. The line begins near (0, negative 0.00004), rises above zero to around (2, 0.00001), then shows dampened oscillations and stabilizes near zero after step 10. The second graph, titled “Responses, Institutions, Deforestation”, has a vertical axis ranging from 0 to 0.15 with intermediate increments. The line begins near (0, 0), rises sharply to around (2, 0.15), then declines slightly and stabilizes between approximately 0.11 and 0.13 after step 10. The third graph, titled “Responses, Population, Deforestation”, has a vertical axis ranging from negative 0.00000010 to positive 0.00000005. The line begins slightly above zero, peaks early, then drops to around (5, negative 0.00000008), and gradually stabilizes near negative 0.00000009 through step 30. The fourth graph, titled “Responses, Renewable Energy, Deforestation”, has a vertical axis ranging from negative 0.006 to 0. The line begins at (0, 0), drops to around (5, negative 0.005), then rises and stabilizes near negative 0.004 after step 10. The fifth graph, titled “Responses, N R R, Deforestation”, has a vertical axis ranging from negative 0.001 to positive 0.0005. The line begins near (0, 0.0005), declines to around (5, negative 0.001), then rises and stabilizes near negative 0.0005 after step 15. Note: All numerical data values are approximated.Results of the impulse response functions. Source(s): Author’s computation using Stata 17