Table 7.

ARDL long-run and short-run results

Variables	Long-run results			Short-run results
	Coefficient	t-statistic	Prob	Coefficient	t-statistic	Prob
CO2	0.1552**	2.0736	0.045	− 0.2804*	− 2.999	0.006
EC	0.2370**	2.1121	0.041	0.4142*	3.993	0.000
GCF	0.0486	1.1719	0.248	0.0695	1.691	0.103
URB	1.9218**	2.1331	0.039	4.0658*	2.789	0.010
ECT(− 1)	-	-	-	− 0.2273*	− 4.030	0.000
R2	0.99
Adj R2	0.98

Note: 1% and 5% level of significance is illustrated by * and ** respectively