Table 2.
Descriptive analysis, correlation, and VIF.
| Variables | LEX | ECD | AIP | HUC | REC | NRR |
|---|---|---|---|---|---|---|
| Mean | 65.697 | 26.952 | 12.371 | 0.723 | 3.050 | 1.189 |
| Median | 69.571 | 26.959 | 12.570 | 0.780 | 3.042 | 1.595 |
| Maximum | 77.832 | 27.858 | 13.337 | 1.028 | 3.832 | 3.458 |
| Minimum | 45.487 | 25.689 | 11.195 | 0.198 | 2.339 | 1.968 |
| Std. Dev. | 3.240 | 0.595 | 0.624 | 0.202 | 0.365 | 1.426 |
| Skewness | −0.909 | −0.488 | −0.431 | −0.882 | 0.243 | −0.625 |
| Kurtosis | 19.704 | 2.395 | 1.774 | 3.128 | 2.289 | 2.228 |
| Jarque-Bera | 0.000 | 6.808 | 11.614 | 16.182 | 3.836 | 11.148 |
| Probability | 0.000*** | 0.033*** | 0.003*** | 0.000*** | 0.000*** | 0.000*** |
| Observations | 124 | 124 | 124 | 124 | 124 | 124 |
| Correlation Test | ||||||
| LEX | 1 | |||||
| ECD | 0.625*** | 1 | ||||
| AIP | 0.831 | −0.344*** | 1 | |||
| HUC | 0.807 | 0.244 | 0.791*** | 1 | ||
| REC | 0.876 | 0.306 | 0.885 | 0.951*** | 1 | |
| NRR | −0.292 | −0.340 | −0.553 | −0.551 | −0.601 | 1 |
| VIF Analysis | ||||||
| VIF | 1/VIF | |||||
| LEX | 2.877 | 0.347 | ||||
| ECD | 3.952 | 0.253 | ||||
| AIP | 2.601 | 0.384 | ||||
| HUC | 4.881 | 0.204 | ||||
| REC | 3.342 | 0.299 | ||||
| NRR | 4.792 | 0.208 | ||||
Note: *** implies a 1 % significance level, LEX: Life expectancy, ECD: economic development, HUC: Human capital, AIP: Air Pollution, REC: Renewable Energy Consumption, NRR: Natural Resource.