Table 11.
Threshold model regression results for stock market value and carbon emissions.
| Threshold Variable | |||
|---|---|---|---|
| rd | ci | cp | |
| rd | 0.1910 *** | −0.0413 | |
| (6.28) | (−1.55) | ||
| ci | 0.0899 *** | 0.0855 *** | |
| (12.99) | (8.83) | ||
| cp | 1.1672 *** | 1.7976 *** | |
| (5.09) | (5.05) | ||
| is | 0.3797 *** | 0.2901 *** | 0.3216 *** |
| (9.87) | (5.76) | (7.93) | |
| mc_1 | −0.5586 *** | −0.5204 *** | −0.3807 *** |
| (−5.10) | (−4.18) | (−7.06) | |
| mc_2 | −0.0535 | 0.0313 | −0.0172 |
| (−1.02) | (0.635) | (−0.30) | |
| mc_3 | 0.6662 *** | ||
| (3.72) | |||
| cons | 7.9595 *** | 8.2252 *** | 8.5501 *** |
| (51.57) | (40.53) | (78.89) | |
| R2 | 0.9105 | 0.7682 | 0.8657 |
Note: () is T-test statistic; *** is significant at 1% significance levels, respectively.