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Diagnostic test estimates for Eq. (1)
| Variables | Variance inflation factors (VIF) | Other tests |
|---|---|---|
| ln(ESR) | 1.135 |
JB test: 0.468 Prob. Value: (0.791) |
| ln(GDPPC) | 1.313 |
Autocorrelation LM test: 0.565 Prob. Value: (0.585) |
| ln(CPI) | 1.171 |
Heteroskedasticity test: 1.205 Prob. Value: (0.358) |
| ln(MS) | 1.120 |
Ramsey RESET test: 1.242 Prob. Value: 0.239 |
Note: CPI shows inflation, ESR shows environmental sustainability rating, GDPPC shows per capita GDP and MS offers money supply
