Table 3 The specification check from linear model to spatial model.

From: Risk spillovers of carbon emissions in international trade: the role of disembodied technology communications

 

Pooled

Spatial Fixed

Time-Period Fixed

Intercept

6.3151*** (32.6990)

  

ln (F)

−0.0163 (−1.3594)

−0.0005 (−0.1305)

−0.0193 (−1.5908)

ln (D)

0.2040*** (11.0815)

0.1159*** (22.0472)

0.2713*** (12.2981)

R2

0.1603

0.4883

0.1515

adjW

LM test no spatial lag

6.2493*** [0.0120]

90.8281*** [0.0000]

8.3476*** [0.0040]

LM test no spatial error

15.5806*** [0.0000]

61.3758*** [0.0000]

9.9483*** [0.0020]

W5

LM test no spatial lag

20.5429*** [0.0000]

18.7252*** [0.0000]

17.7564*** [0.0000]

LM test no spatial error

13.0519*** [0.0000]

1.4281 [0.2320]

24.6189*** [0.0000]

W6

LM test no spatial lag

28.1143*** [0.0000]

26.6683*** [0.0000]

25.5530*** [0.0000]

LM test no spatial error

18.4296*** [0.0000]

4.5450** [0.0330]

34.6015*** [0.0000]

W7

LM test no spatial lag

38.7761*** [0.0000]

42.5666*** [0.0000]

34.0678*** [0.0000]

LM test no spatial error

31.4216*** [0.0000]

9.4561*** [0.0020]

52.9287*** [0.0000]

ecoW

LM test no spatial lag

5.5723*** [0.0018]

21.7218*** [0.0000]

11.7710*** [0.0010]

LM test no spatial error

13.2606*** [0.0000]

8.3884*** [0.0040]

6.1653*** [0.0013]

Province fixed

Yes

Yes

Yes

Year fixed

Yes

Yes

Yes

  1. Note: Standard error in parentheses and p-value in brackets.
  2. ***, **, *Significant at 1%, 5%, and 10% levels, respectively.
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