Table 6 The Parsimonious model (long-run and short-run analysis)
From: Renewable energy, energy efficiency, and eco-friendly environment (R-E5) in Nigeria
Dependent variable = ΔInCO2t | ||||||||
|---|---|---|---|---|---|---|---|---|
Coefficient | Coefficient | Standard error | Standard error | t statistic | t statistic | Problem | Problem | |
Variables | Short run | Long run | Short run | Long run | Short run | Long run | Short run | Long run |
Constant | 3.8005 | 0.72744 | 0.95809 | 2.2792 | 3.9668 | 0.3191 | 0.0166 | 0.7524 |
InCO2t | 3.4174* | −1.1011* | 0.1021 | 0.0606 | 33.4702 | −18.17650 | 0.0000 | 0.0001 |
InFUE t | 4.4476* | −0.0754 | 0.1799 | 0.1637 | 24.7113 | −0.46031 | 0.0000 | 0.6692 |
InGDP t | 0.0258* | 0.0271* | 0.0010 | 0.0018 | 25.0355 | 15.3483 | 0.0000 | 0.0001 |
InPOP t | 49.8259* | 5.0777* | 2.3501 | 0.1652 | 21.2018 | 30.7378 | 0.0000 | 0.0000 |
InREN t | −0.5564* | −0.3083* | 0.0489 | 0.0282 | −29.8012 | −10.9398 | 0.0000 | 0.0004 |
ECT(−1) | −0.7443* | – | 0.0708 | – | −10.5208 | – | 0.0001 | – |
R 2 | =0.99 | R 2 Adjusted | =0.98 | |||||
F-statistic | =14.2740 | |||||||
DW | =2.9372 | |||||||