Table 3 Estimation process.
From: Delving into the green growth dilemma and ESG investing in Southeast Asia
Estimation step | Methodology | Description |
|---|---|---|
1. Slope Homogeneity | Pesaran and Yamagata (2008) | Examination of panel’s slope homogeneity status. |
2. Cross-Sectional Dependency | Pesaran (2021) Statistic | Evaluation of interconnectedness among Southeast Asian countries. |
3. Series Stationarity | CADF (Pesaran 2007) | Assessment of the stationarity status of the series. |
4. Long-Term Nexus | Westerlund (2007) Method | Investigation into the long-term relationships between variables. |
5. Cointegration Estimation | CUP-FM Approach | Utilization of the Continuously Updated Fully Modified approach for cross-sectional panel cointegration estimation. |
6. Robustness Analysis | Alternative Estimators | Post-estimation assessment through Fully Modified OLS and CUP-BC (Continuously Updated Bias-Corrected) to ensure reliability and generalizability of findings. |
