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*** |