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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        
  1. *Significance at 1 % level; **significance at 5 % level; ***significance at 10 % level