Table 1.
List of variables.
Table 2.
Descriptive statistics.
Table 3.
Panel correlation matrix.
Table 4.
Cross-sectional dependence test estimates.
Table 5.
Pesaran and Yamagata slope homogeneity test estimates.
Table 6.
Pesaran’s CADF unit root test estimates.
Table 7.
Westerlund and Johansen Fisher panel cointegration test estimates.
Table 8.
Panel FMOLS estimates.
Table 9.
Panel dynamic OLS estimates.
Table 10.
Multicollinearity, normality, and autocorrelation test estimates.
Table 11.
Dumitrescu Hurlin panel causality test estimates.
Table 12.
IRF estimates of CO2 emissions.
Table 13.
VDA estimates.