Table 3.
Results of CSD and SHT test.
Variables | Bias-Corrected Scaled LM | Pesaran scaled LM | Breusch-Pagan LM | Pesaran CD |
---|---|---|---|---|
LnLEX | 37.020*** | 37.087*** | 134.475*** | 11.454*** |
LnECD | 48.939*** | 49.004*** | 175.757*** | 13.256*** |
LnAIP | 33.499*** | 33.566*** | 122.276*** | 10.816*** |
LnHUC | 45.000*** | 45.078*** | 162.118*** | 12.701*** |
LnREC | 22.917*** | 22.984*** | 85.620*** | 9.184*** |
LnNRR | 33.648*** | 33.714*** | 145.581*** | 8.845*** |
SHT test | ||||
12.689*** | ||||
13.355*** |
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.