Table 10.
Panel granger causality test results.
| Causality | F-Stat | p-value | Remarks |
|---|---|---|---|
| GDP i, t → GGR i, t | 8.119 | 0.000 | Bi–causal Relationship between Green Growth and Gross Domesetic Product. |
| GGRi, t→GDPi, t | 5.852 | 0.003 | |
| EMSi, t→GGRi, t | 4.321 | 0.002 | Bi–causal Relationship between Green Growth and Emissions |
| GGRi, t→EMSi, t | 3.212 | 0.000 | |
| ECi, t→GGRi, t | 3.654 | 0.006 | Bi–causal Relationship between Green Growth and Energy Consumption |
| GGRi, t→ECi, t | 2.544 | 0.000 | |
| GTNi, t→GGRi, t | 2.344 | 0.154 | Ui–causal Relationship between Green Growth and Green Technology |
| GGRi, t→GTNi, t | 4.543 | 0.000 |
Authors' estimates.