Table 3.
Estimates of Hansen parameter
Stochastic trends | LC statistics | Deterministic trends | Significance | |
---|---|---|---|---|
COVID-19 lockdown | 0.220 | 0.286 | 0.222 | 0.000 |
Energy redevelopment | 0.300 | 0.643 | 0.740 | 0.000 |
Energy efficiency financing | 0.609 | 0.600 | 0.698 | 0.000 |
Green bonds | 0.772 | 0.823 | 0.976 | 0.000 |