Panel FMOLS results
Variable	Coefficient	Std. Error	t-Statistic	Prob.
Ln CO2	0.153711	0.071076	2.162641	0.0325∗∗
LnPD	0.404244	0.090727	4.455615	0.0000∗
LnTR	-0.294416	0.051149	-5.756096	0.0000∗
LnK	0.513992	0.035217	14.59487	0.0000∗
LnL	0.079579	0.052412	1.518336	0.1315
Panel DOLS results
Variable	Coefficient	Std. Error	t-Statistic	Prob.
LnCO2	0.033542	0.084824	0.395437	0.6932
LnPD	1.410053	0.342070	4.122119	0.0001∗
LnTR	-0.126916	0.098225	-1.292095	0.1988
LnK	0.448658	0.050209	8.935771	0.0000∗
Ln`L	0.787430	0.180735	4.356830	0.0000∗

Notes: ∗ and ∗∗ denote significance at 1%, and 5% levels, respectively. The figures in parentheses are probabilities.