Table 11.
Dumitrescu–Hurlin causality test results.
Causality | p–value | Remarks | ||
---|---|---|---|---|
GDPi, t→GGRi, t | 1.977 | 2.066 | 0.039 | Homogeneous Bi–causal Relationship between Green Growth and Gross Domesetic Product. |
GGRi, t→GDPi, t | 2.291 | 2.842 | 0.005 | |
EMSi, t→GGRi, t | 1.321 | 1.983 | 0.000 | Homogeneous Bi–causal Relationship between Green Growth and Emissions |
GGRi, t→EMSi, t | 1.432 | 1.735 | 0.002 | |
ECi, t→GGRi, t | 2.432 | 1.876 | 0.032 | Homogeneous Bi–causal Relationship between Green Growth and Energy Consumption |
GGRi, t→ECi, t | 1.987 | 1.343 | 0.043 | |
GTNi, t→GGRi, t | 2.134 | 1.039 | 0.136 | Homogeneous Ui–causal Relationship between Green Growth and Green Technology |
GGRi, t→GTNi, t | 1.432 | 1.234 | 0.001 |