Table 3 Cross-sectional dependence and slope homogeneity analysis.
Cross-sectional dependence test (Pesaran 2004) | |||
|---|---|---|---|
Variable | CD-test | P-value | |
CO2 | 9.368 | 0.000 | |
GDP | 15.115 | 0.000 | |
NR | 11.713 | 0.000 | |
RE_NRG | 5.734 | 0.000 | |
FI | 14.372 | 0.000 | |
RE | 4.371 | 0.000 | |
Slope homogeneity (Pesaran and Yamagata 2008) | |||
|---|---|---|---|
Models | STAT | P-value | |
CO2 GDP NR EI FI RE | Delta | 4.602 | 0.000 |
Adj. | 6.074 | 0.000 | |
CO2 GDP NR EI FI RE RExFI | Delta | 4.018 | 0.000 |
Adj. | 5.610 | 0.000 | |
