Variables

(1)

(2)

(3)

(4)

(5)

Log of GDP

Log of GDP

Log of GDP

Log of GDP

Log of GDP

Average Wages

8.00*** (2.80)

8.13*** (3.15)

8.32*** (3.92)

7.72*** (2.88)

8.02*** (3.04)

Energy Consumption

−1.49 (9.25)

−5.90 (9.93)

5.99 (9.64)

−1.34 (1.02)

−3.97 (9.61)

Domestic Innovation

0.0001*** (4.94)

0.0002*** (5.11)

0.0002*** (5.93)

0.0001* (5.48)

0.0003*** (5.55)

Env. Constraint

−0.0002*** (1.93)

−0.0002*** (2.10)

−0.0002*** (2.37)

−0.0002*** (2.07)

−0.0002*** (2.15)

Indust. Rate

−1.82*** (2.88)

−2.33*** (3.10)

−2.16*** (3.25)

−2.30*** (4.72)

−1.67*** (3.42)

Energy Policy

0.77*** (0.15)

0.78*** (0.17)

0.73*** (0.17)

0.40** (0.20)

0.62*** (0.17)

Hydro Production

6.65*** (1.21)

Coal Production

−6.78*** (2.38)

Renewable Prod.

0.01* (0.001)

Gas Production

7.65 (5.72)

Nuclear Prod.

0.0003*** (9.55)

Year Effect

Yes

Yes

Yes

Yes

Yes

Observations

112

113

112

88

113

R-Squared

0.92

0.91

0.91

0.95

0.91