Table 8.
Effects on emissions per value added and output, controlling for sector structure, using CO2 index instead of Kyoto
| Dependent variable | EIVA | EID | EI exports | EI exports |
|---|---|---|---|---|
| Equation number | (5) | (6) | (7) | (8) |
| ln(income) | − 0.727*** | − 0.748*** | − 0.736*** | − 0.653*** |
| (0.052) | (0.026) | (0.026) | (0.012) | |
| ln(income)2 | − 0.013 | 0.000 | 0.026*** | - |
| (0.011) | (0.006) | (0.006) | ||
| Rents coal | 0.003 | 0.002 | 0.032** | 0.015* |
| (0.027) | (0.013) | (0.016) | (0.008) | |
| Rents oil | 0.007 | 0.003 | 0.016*** | 0.024*** |
| (0.011) | (0.005) | (0.005) | (0.005) | |
| Rents gas | − 0.009 | − 0.013** | − 0.010* | − 0.018*** |
| (0.012) | (0.006) | (0.006) | (0.005) | |
| Trade | − 0.264 | − 0.142 | − 0.104 | − 0.334*** |
| (0.183) | (0.091) | (0.070) | (0.032) | |
| CO2 index | 0.213** | − 0.024 | − 0.020 | 0.099*** |
| (0.092) | (0.045) | (0.047) | (0.020) | |
| Country FE | YES | YES | YES | YES |
| Partner-year FE | NO | NO | NO | YES |
| Sector-year FE | YES | YES | NO | NO |
| Year FE | NO | NO | YES | NO |
| Weights | YES | YES | YES | YES |
| N | 17,420 | 17,851 | 525 | 8922 |
| R2 | 0.852 | 0.889 | 0.985 | 0.972 |
| R2 within | 0.145 | 0.215 | 0.762 | 0.026 |
Note: Standard errors in parentheses. */**/***: significant at 10/5/1%. All regressions are weighted by VA, output, or exports