Table 11.

Shows the impact of renewable energy consumption (REC) pooled results.

VARIABLES	Pooled					emerging nations
	-one	-two	-three	-four	-five	-six	-seven	-eight	-nine	-ten
	lnbiofuels	lnbiogeo	Lnhydro	lnsolar	lnwind	lnbiofuels	lnbiogeoA	lnhydro	insolar	inwind
MarketCap	0.064***	−0.003	−0.001*	0.001	−0.002	0.071***	0.001*	0.001	0.001	−0.004***
	−0.019	−0.002	−0.001	−0.001	−0.001	−0.007	0	−0.001	−0.001	−0.001
Observations	470	639	814	449	610	324	432	450	307	422
No of countries controls	76	67	98	34	98	76	45	34	23	23
	yes	yes	yes	yes	yes	yes	yes	yes	yes	yes
Sargan's test	31.49 (0.17)	26.36(0.39)	35.2(0.08)	26.2(0.39)	30.4(0.2)	17.31 (0.87)	22.23(0.62)	27.4(0.33)	21.7(0.66)	26.8(0.4)
1st order auto	−3.06***	−2.25**	−3.46***	−1.77*	−3.33***	−2.02**	−2.53**	−3.96***	−0.87	−3.26***
2nd order auto	−2.45	−1.65*	3.56	−1.56	−2.45*	−7.45	−0.78*	−3.23	1.56	−9.78

Author calculation.