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Future Business Journal

Table 2 Estimates of LM test of cross-sectional independence

From: Dynamic linkages between tourism, economic growth, trade, energy demand and carbon emission: evidence from EU

Variables

BP LM

PS LM

BCS LM

PS CD

ln CO2

576.78***

44.458***

44.142***

17.1242***

ln Energy

410.40***

29.976***

29.660***

8.2175***

ln Rgdp

954.78***

77.358***

77.042***

30.270***

ln Texp

947.39***

76.715***

76.399***

30.173***

ln Trade

757.35***

60.174***

59.858***

24.906***

  1. BPM Breusch-Pagan LM, PS Pesaran scaled LM, BCS Bias-corrected scaled, PS Pesaran CD
  2. *, ** and ***Indicate the probability level at 90%, 95%, and 99% level, respectively
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