Table 4 Results of cross-section independence test.

From: Green growth dynamics: unraveling the complex role of financial development and natural resources in shaping renewable energy in Sub-Saharan Africa

Variable

CD-test

p-value

Average joint T

Mean ρ

Mean abs (ρ)

REC

48.627

0.000

16.00

0.88

0.88

NR

3.884

0.000

16.00

0.07

0.44

FD

16.554

0.000

16.00

0.30

0.51

(Trade/GDP)

1.621

0.105

16.00

0.03

0.23

GDPPC

0.029

0.977

16.00

0.00

0.26

  1. Under the null hypothesis of cross-section independence, CD ~ N (0,1).
  2. p-values close to zero indicate data are correlated across panel groups.
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