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 |