Table 6.
Robust least square regression estimates for Eq. (2)
| Dependent variable: ln(NEWF) | ||||
|---|---|---|---|---|
| Variable | Coefficient | Std. Error | z-Statistic | Prob. |
| C | 29.002 | 1.032 | 28.089 | 0.000 |
| ln(CDAM) | − 0.585 | 0.181 | − 3.215 | 0.001 |
| ln(SQCDAM) | 0.298 | 0.135 | 2.199 | 0.027 |
| ln(ESR) | − 12.623 | 0.646 | − 19.528 | 0.000 |
| ln(CPI) | 0.612 | 0.052 | 11.778 | 0.000 |
| ln(MS) | − 2.352 | 0.117 | − 20.096 | 0.000 |
| Robust statistics | ||||
| R2 | 0.880 | Adjusted R2 | 0.826 | |
| Rw2 | 0.994 | Adjust Rw2 | 0.994 | |
| AIC | 20.294 | SIC | 28.889 | |
| Rn2 | 1511.871 | Prob(Rn2) | 0.000 | |
Note: NEWF shows new forecast infected cases, CDAM shows carbon damages, SQDAM shows a square of CDAM, CPI shows inflation, ESR shows environmental sustainability rating, GDPPC shows per capita GDP and MS shows money supply