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Table 4 The long-run and the short-run results

From: How relevant is environmental quality to per capita health expenditures? Empirical evidence from panel of developing countries

 

Long-run elasticity

Short-run elasticities

Panel OLS

Panel DOLS

 

Coefficient

t-statistics

lnCO

0.108518 (0.013020)***

0.113199 (0.035228)***

∆lnCO

0.045728*

1.783750

lnSO2

0.040646 (0.017187)**

0.038134 (0.072189)***

∆lnSO2

−0.020647

−0.436428

lnNOX

0.020996 (0.016080)*

0.220285 (0.052855)***

∆lnNOX

0.009313

0.244280

lnCO2

0.223499 (0.027769)***

0.237879 (0.128033)***

∆lnCO2

0.153499***

2.342642

lnY

0.679864 (0.019573)***

0.693738 (0.048045)***

∆lnY

0.278332***

2.254674

   

ECTt−1 = −0.182937***

  
  1. p values are in parenthesis while ***, **, * represent 1, 5 & 10 % level of significance