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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