Table 8.

FMOLS regression results

Variables	Model 1	Model 2	Model 3	Model 4	Model 5
lnCO2		1.545***	0.662***	− 0.208	− 0.690***
		(0.0524)	(0.0662)	(0.210)	(0.0391)
lnRGDP	0.260***		− 0.152***	0.361***	0.182***
	(0.0141)		(0.0289)	(0.0745)	(0.0211)
lnENC	0.235***	− 0.319***		− 0.0229	− 0.150***
	(0.0242)	(0.0393)		(0.125)	(0.0334)
lnTOU	− 0.0534**	0.696***	− 0.0387		− 0.111***
	(0.0244)	(0.0322)	(0.0399)		(0.0316)
lnURB	− 0.793***	1.241***	− 0.489***	− 0.420*
	(0.0318)	(0.0641)	(0.0746)	(0.222)
Constant	2.063***	− 5.229***	4.358***	10.75***	4.426***
	(0.316)	(0.482)	(0.502)	(0.971)	(0.333)
R-squared	0.968	0.618	0.911	0.522	0.957

Standard errors in parentheses

***p < 0.01; **p < 0.05; *p < 0.1