Table 10.

Shows the impact of asset return on renewable energy consumption.

VARIABLES	pooled					Emerging nations
	−1	−2	−3	−4	−5	−6	−7	−8	−9	−10
	lnbiofuels	lnbiogeo	Lnhydro	lnsolar	lnwind	lnbiofuels	lnbiogeoA	lnhydro	insolar	inwind
roa	1.186***	−9.004	2.145***	0.01	−2.023**	1.042**	0.002	1.027***	0.001	1.015***
	−0.029	−0.008	−0.005	−0.01	−0.011	−0.021	−0.008	−0.007	−0.011	−0.004
Observations	470	639	814	449	610	324	432	450	307	422
No of countries	47	87	56	98	87	34	55	99	66	99
Controls	yes	yes	yes	yes	yes	yes	yes	yes	yes	yes
Sigmas test	30.35 (0.21)	24.9(0.5)	35.2(0.08)	28.54(0.28)	29.29(0.3)	17.79(0.85)	19.68(0.76)	27.76(0.3)	22.14(0.62)	25.88(0.4)
1st order auto	−3.029***	−2.24**	−3.44***	−1.78*	−3.34***	−2.26**	−2.51**	−4.03***	−0.67	−3.26***
2nd order auto	−5.668	−1.72*	0.29	−0.53	−1.71*	−1.63	−1.94*	−0.83	0.43	−1.31

Author calculation.