Variable | ΔlnCO2 | ΔlnY | ΔlnRE | ΔlnNRE | ΔlnTRD | ΔlnFD | ΔlnURB |
---|---|---|---|---|---|---|---|
 | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
Short-run effect | |||||||
ΔlnCO2 | – | 0.144*** | − 0.595*** | 0.810*** | 0.217* | − 0.034 | − 0.312 |
 |  | (0.034) | (0.201) | (0.245) | (0.120) | (0.203) | (0.242) |
ΔlnY | 0.549*** | – | − 0.008 | 0.087 | − 0.066 | 0.958 | 0.281 |
 | (0.157) |  | (0.283) | (0.744) | (0.206) | (0.603) | (0.321) |
ΔlnRE | − 0.228*** | 0.013 | – | − 0.612 | 0.184*** | − 0.274 | − 0.092 |
 | (0.055) | (0.028) |  | (0.540) | (0.054) | (0.409) | (0.089) |
ΔlnNRE | 0.253*** | 0.019 | 0.117 | – | 0.473** | 0.040 | 0.020 |
 | (0.078) | (0.075) | (0.764) |  | (0.226) | (0.151) | (0.107) |
ΔlnTRD | 0.142** | − 0.005 | 0.168 | − 0.050 | – | − 0.380** | − 0.244 |
 | (0.062) | (0.031) | (0.195) | (0.240) |  | (0.170) | (0.199) |
ΔlnFD | − 0.069 | − 0.038 | − 0.177* | − 0.168 | 0.019 | – | 0.137 |
 | (0.067) | (0.024) | (0.099) | (0.127) | (0.073) |  | (0.204) |
ΔlnURB | 0.030 | 0.040 | 0.129 | − 0.169 | − 0.044 | − 0.370* | – |
 | (0.037) | (0.033) | (0.142) | (0.121) | (0.039) | (0.216) |  |
Long-run effect | Â | Â | Â | Â | Â | Â | Â |
lnCO2 | – | 0.164*** | − 0.839** | 0.929*** | 0.298** | 0.042 | − 4.957 |
 |  | (0.041) | (0.377) | (0.305) | (0.138) | (0.166) | (3.836) |
lnY | 0.489*** | – | − 0.194 | 0.195 | − 0.131 | 0.778 | − 11.883 |
 | (0.136) |  | (0.343) | (0.888) | (0.223) | (0.488) | (12.949) |
lnRE | − 0.193*** | 0.017 | – | − 0.448 | 0.210*** | − 0.160 | − 3.761* |
 | (0.049) | (0.031) |  | (0.663) | (0.061) | (0.324) | (2.179) |
lnNRE | 0.243*** | − 0.006 | 1.592 | − | 0.442** | 0.039 | 1.897 |
 | (0.080) | (0.097) | (2.171) |  | (0.198) | (0.119) | (2.162) |
lnTRD | 0.124** | − 0.001 | − 0.147 | − 0.091 | − | − 0.315** | 7.445* |
 | (0.059) | (0.033) | (0.459) | (0.318) |  | (0.151) | (4.482) |
lnFD | − 0.081 | − 0.048 | − 0.340 | − 0.140 | 0.036 | – | − 0.929 |
 | (0.071) | (0.031) | (0.239) | (0.111) | (0.079) |  | (3.313) |
lnURB | 0.023 | 0.044 | 0.370 | − 0.215 | − 0.033 | − 0.313 | – |
 | (0.032) | (0.035) | (0.399) | (0.161) | (0.040) | (0.207) |  |
ECT | − 1.134*** | − 0.956*** | − 1.106*** | − 1.087*** | − 1.002*** | − 1.177*** | − 0.139*** |
 | (0.041) | (0.036) | (0.050) | (0.057) | (0.035) | (0.049) | (0.044) |
Observations | 848 | 848 | 848 | 848 | 848 | 848 | 848 |
R-squared | 0.315 | 0.372 | 0.406 | 0.275 | 0.468 | 0.564 | 0.122 |
Number of groups | 37 | 37 | 37 | 37 | 37 | 37 | 37 |