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Table 4 P-VAR estimation results

From: Environment and economic growth: is the rule of law the go-between? The case of high-income countries

  Parameter S. E. Student’s t
Eq. 1: dep. Var: GDP(t)
GDP(t-l) 0.808*** 0.071 11.390
Poll(t-l) −0.024 0.031 −0.783
RoL(t-l) 0.054* 0.033 1.651
Eq. 2: dep. Var: RoL(t)
GDP(t-l) 0.053*** 0.018 2.950
Poll(t-l) −0.020 0.018 −1.131
RoL(t-l) 0.743*** 0.032 22.984
Eq. 3: dep. Var: Poll(t)
GDP(t-l) 0.002 0.112 0.017
Poll(t-l) 0.810*** 0.107 7.568
RoL(t-l) −0.103** 0.049 −2.106
  1. The three variable VAR model is estimated by GMM; country-time and fixed effects are removed prior to estimation. Reported numbers show the coefficients of regressing the row variables on lags of the column variables. Heteroskedasticity adjusted t-statistics are reported
  2. ***Indicates significance at 1 % level; **indicates significance at 5 % level; *indicates significance at 10 % level