Table 6 Long-run estimations.
Variables | Long-run estimations (AMG) | |||
|---|---|---|---|---|
Economic impacts (GDP Dependent variable) | Environmental impacts (CO2 Dependent variable) | |||
Model 1 | Model 2 (Interactions) | Model 3 | Model 4 (Interactions) | |
LnGDP | – | – | 0.090 (0.000) *** | 0.072 (0.001) *** |
LnGFL | − 0.047 (0.589) | − 0.073 (0.302) | 0.069 (0.097) * | 0.075 (0.010) *** |
LnFEX | 0.218 (0.016) ** | 0.243 (0.038) ** | − 0.032 (0.341) | 0.021 (0.000) *** |
LnUB | 0.479 (0.624) | 0.389 (0.682) | 1.520 (0.000) *** | 1.725 (0.000) *** |
LnGQ | 0.042 (0.771) | – | − 0.072 (0.387) | – |
LnGQGFL | – | − 0.010 (0.898) | – | − 0.065 (0.081) * |
Constant | 1.111 (0.000) *** | 1.129 (0.000) *** | − 16.505 (0.000) *** | − 21.439 (0.007) *** |
Observations | 119 | 119 | 119 | 119 |
No of Groups | 7 | 7 | 7 | 7 |
