Table 11 Heterogeneous analysis country-wise.

From: How do financial development and institutional quality influence greenhouse gases in the Next-11 economies?

Countries

Model 1

Model 2

Model 3

LnFD

LnGDP

LnKOFGI

LnGDS

IQ

LnFD

LnGDP

LnKOFGI

LnGDS

IQ

LnFD

LnGDP

LnKOFGI

LnGDS

IQ

Bangladesh

1.364***

(0.392)

−0.644***

(0.147)

−0.060

(0.393)

0.861***

(0.132)

−0.0038

(0.0028)

0.110

(0.172)

−0.072

(0.064)

0.190

(0.172)

0.199***

(0.057)

−0.0005

(0.0012)

0.143**

(0.0649)

0.0384

(0.0244)

0.0310

(0.0650)

0.0292

(0.0218)

−0.0005

(0.0004)

Egypt

−0.068

(0.067)

0.549***

(0.084)

1.058***

(0.220)

−0.270***

(0.059)

0.007***

(0.002)

−0.010

(0.024)

0.457***

(0.029)

0.140*

(0.078)

−0.080***

(0.020)

0.0008

(0.0008)

0.0484

(0.0397)

0.0702

(0.0492)

0.773***

(0.129)

−0.0337

(0.0344)

0.0019

(0.0013)

Indonesia

−0.050

(0.060)

0.202

(0.126)

0.859***

(0.162)

0.045

(0.076)

0.0004

(0.0025)

−0.042**

(0.018)

0.355***

(0.037)

0.133**

(0.048)

−0.046*

(0.022)

7.3205

(0.0007)

−0.0210

(0.0235)

0.160***

(0.0489)

0.183***

(0.0627)

0.0796**

(0.0295)

0.003***

(0.0009)

Iran

0.277***

(0.0868)

−0.392*

(0.207)

0.355***

(0.102)

0.169***

(0.057)

0.002

(0.001)

0.211***

(0.059)

−0.191

(0.143)

0.145**

(0.070)

0.014

(0.039)

−0.0010

(0.0008)

0.219**

(0.0996)

0.343

(0.238)

−0.252**

(0.117)

0.0157

(0.0656)

0.003**

(0.0014)

Korea

−0.175

(0.164)

−0.445*

(0.226)

1.357***

(0.289)

0.486***

(0.147)

−0.006*

(0.0035)

−0.002

(0.041)

0.140**

(0.057)

0.093

(0.073)

−0.076*

(0.037)

0.0018**

(0.0008)

0.0009

(0.0797)

0.266**

(0.109)

−0.461***

(0.140)

−0.0978

(0.0712)

0.005***

(0.0016)

Mexico

0.385

(0.234)

2.075***

(0.629)

−1.225**

(0.539)

−0.458

(0.394)

0.034***

(0.0075)

−0.001

(0.032)

−0.026

(0.086)

0.491***

(0.073)

0.115**

(0.054)

−0.0015

(0.0010)

0.0329

(0.0265)

−0.00478

(0.0714)

0.0493

(0.0612)

0.160***

(0.0447)

0.002**

(0.0008)

Nigeria

−0.299***

(0.0967)

0.212*

(0.122)

−0.135

(0.229)

0.003

(0.040)

0.003

(0.003)

−0.017

(0.062)

0.088

(0.078)

0.186

(0.147)

0.110***

(0.026)

0.0029

(0.0020)

−0.14***

(0.0512)

−0.0151

(0.0648)

−0.0860

(0.121)

−0.0021

(0.0217)

−0.0004

(0.0016)

Pakistan

0.079

(0.057)

0.509***

(0.041)

0.230**

(0.087)

0.178***

(0.051)

−0.0006

(0.0020)

−0.110***

(0.036)

0.481***

(0.025)

−0.003

(0.055)

−0.002

(0.032)

−0.0013

(0.0012)

−0.0957**

(0.0399)

0.424***

(0.0287)

0.198***

(0.0609)

0.0185

(0.0355)

−0.0009

(0.0014)

Philippines

−0.226

(0.214)

0.336**

(0.131)

−0.201

(0.246)

0.072

(0.078)

0.017***

(0.0034)

−0.144

(0.129)

0.395***

(0.079)

0.176

(0.148)

−0.046

(0.047)

−0.0001

(0.0020)

−0.106

(0.0970)

0.202***

(0.0594)

0.111

(0.112)

0.0285

(0.0356)

−1.8405

(0.0015)

Türkiye

−0.024

(0.048)

0.334***

(0.0399)

0.377*

(0.190)

0.042

(0.047)

0.081

(0.063)

−0.026

(0.026)

0.246***

(0.021)

0.178

(0.104)

−0.061**

(0.025)

0.0003

(0.0008)

−0.183***

(0.0588)

0.590***

(0.0482)

0.528**

(0.229)

−0.172***

(0.0570)

0.006***

(0.0018)

Vietnam

0.199***

(0.059)

0.769***

(0.082)

−0.393**

(0.152)

0.081

(0.063)

−0.002

(0.003)

0.065***

(0.018)

0.092***

(0.025)

0.035

(0.047)

0.128***

(0.019)

−0.0006

(0.0009)

0.124***

(0.0343)

−0.170***

(0.0479)

0.200**

(0.0881)

0.0919**

(0.0366)

0.0012

(0.0017)

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