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Future Business Journal

Table 6 Results of the Cointegration regression

From: Does energy efficiency, renewable energy and effective capital promote economic growth in the emerging 7 economies? New evidence from CS-ARDL model

Independent variables

FMOLS

DOLS

Coefficient

t-Statistic

Coefficient

t-Statistic

lnGDP is dependent variable

 lnLF

0.080367

4.027***

0.259374

1.229

 lnREC

− 0.142932

− 9.270***

− 0.022568

− 0.189

 NREC

0.000659

2.907***

0.010812

2.436**

 lnEE

0.600696

53.246***

0.598286

9.939***

 lnEC

0.361799

45.998***

0.316956

8.051***

 R2

 

0.998

 

0.999

 Adjusted R2

 

0.998

 

0.999

 Jarque–Bera

 

1.626

 

7.601**

  1. *Is significant at 10%
  2. **Is significant at 5%
  3. ***Is significant at 1%
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