Table 8.
Dependent: N2O | Total Sample (EU 27) | Subsample 1 (EU 15) | Subsample 2 (EU 12) | ||||||
---|---|---|---|---|---|---|---|---|---|
Independent | DFE | DOLS | FMOLS | DFE | DOLS | FMOLS | DFE | DOLS | FMOLS |
D.L. GDPpc | −0.4484 *** | −0.7971 *** | −0.5732 *** | −0.5189 ** | −1.1725 ** | −0.4877 *** | −0.2825 | −0.9424 * | 0.1910 ** |
D.L. GDPpc2 | 0.0791 ** | 0.0070 | 0.0560 | 0.1011 ** | −0.0345 | 0.0994 ** | 0.0887 ** | 0.1085 | −0.0101 ** |
D.L. LEdu | 0.2400 | 1.9833 ** | 0.4336 | 1.7643 | 4.5508 *** | 1.7466 *** | −0.5439 | 4.5412 *** | 0.5945 |
D.L. Euse | −0.2060 ** | 0.5140 * | −0.2797 *** | −0.0066 | −1.0901 * | −0.1214 | −0.3595 *** | 0.5059 | −0.3873 *** |
D.L. Elect | 0.0069 | −0.4192 *** | −0.0412 | −0.0356 | 0.0190 | −0.0269 | −0.0298 | −0.4630 ** | −0.0402 |
Constant | 1.6176 | 0.1849 * | 0.0895 | 18.6430 ** | 0.6457 *** | 0.0106 | −0.3428 | −0.1676 | 0.0940 |
ECT | −0.6707 *** | −0.7228 *** | −0.6468 *** | ||||||
L. GDPpc (−1) | −1.3264 *** | 0.0044 | −0.0127 | −0.9670 *** | −0.0131 | −0.0043 | −1.3908 *** | −0.0233 | 0.1175 *** |
L. GDPpc2 (−1) | −0.1041 *** | −0.0001 | −0.0016 | 0.0237 | 0.0029 * | 0.0014 | 0.1261 *** | −0.0028 | −0.0052 *** |
L. Ledu (−1) | 1.8511 *** | −0.0027 | −0.0070 | 2.9738 *** | −0.0023 | 0.0150 | 1.6360 ** | 0.0182 | 0.0786 |
L. Euse (−1) | −0.0470 | −0.0305 | −0.0015 | −0.0981 | −0.0051 | −0.0238 | 0.0263 | −0.0042 | 0.0107 |
L. Elect (−1) | −0.0332 | 0.0039 | 0.0032 | −0.1214* | 0.0027 | −0.0033 | −0.0206 | 0.0063 | 0.0301 ** |
Observations | 270 | 269 | 150 | 149 | 120 | 119 | |||
R2 | 0.6077 | 0.2015 | 0.7391 | 0.2354 | 0.8963 | 0.3121 |
Notes: *, **, *** mean that values are statistically significant at 10%, 5% and 1%, respectively. D.L.—Differenced Lagged; —Lagged; ECT—Error Correction Term; Dynamic Fixed Effects (DFE); Dynamic Ordinary Least Squares (DOLS); Fully Modified Ordinary Least Squares (FMOLS). The rest of the variables’ acronyms were defined in Table 1. Estimations of Equation (4).