Variables | Model (1) | Model (2) | Model (3) |
CO2 Coefficient/p-value | EC Coefficient/p-value | GDP Coefficient/p-value | |
CO2 | - | −10.7383 (0.000)*** | 2.7883 (0.000)*** |
INDVA | −0.0060 (0.011)** | - | - |
GDP | 0.4548 (0.000)*** | 3.4059 (0.000)*** | - |
EC | −0.1397 (0.000)*** | - | 0.2489 (0.000)*** |
URB | −0.00082 (0.988) | - | - |
OILPRICE | - | −0.0051 (0.014)** | - |
CPI | - | −0.00006 (0.968) | - |
GFCG | - | - | 0.1646 (0.010)** |
LABOR | - | - | −0.1515 (0.032)** |
const | −0.4 (0.000)*** | −0.1394 (0.280) | −0.3201(0.000)*** |
Hansen J-test | 21.81 (0.351) | 20.96 (0.339) | 23.47 (0.266) |
DWH test (p-value) | 29.425 (0.000)*** |
| 16.533 (0.000)*** |
AR2 test | −1.07 (0.284) | −0.99 (0.323) | −1.68 (0.092)* |