Table 11.
Dynamic common correlated effect (DCCE) estimation
| COVID-19 confirmed cases as the dependent variable | ||
| Explanatory variables | Coeff | Std. error |
| Constant | −247.83 | 198.6260 |
| Air pressure | −3.9536*** | 1.2981 |
| Humidity | 0.3085 | 0.2818 |
| PM2.5 | 0.0251*** | 0.0021 |
| Temperature | −0.3675** | 0.1721 |
| Wind speed | 0.2056 | 0.1720 |
| COVID-19 death cases as the dependent variable | ||
| Explanatory variables | Coeff | Std. error |
| Constant | −933.80*** | 250.0650 |
| Covid-19 cases | 0.0323** | 0.0141 |
| Air pressure | 1.9540 | 2.6348 |
| Humidity | 0.0343 | 0.5112 |
| PM2.5 | 0.7548** | 0.3782 |
| Temperature | −5.7023** | 2.4512 |
| Wind speed | −2.8108 | 3.6213 |
Source: authors’ computation
** and *** denote statistical significance at 5% and 1% levels, respectively