Science – Society – Technology
Table 5 Model 1 FMOLS and DOLS coefficient estimator results
Model 1 | \({\rm lnFD}_{it}= {\beta }_{0}+{\beta }_{1}{\rm lnGEO}_{it}+{\beta }_{2}{\rm lnWIND}_{it}+ {\vartheta }_{t}\) | |||||||
|---|---|---|---|---|---|---|---|---|
Variables | FMOLS | DOLS | ||||||
LnGEO | LnWIND | LnGEO | LnWIND | |||||
Coefficient | Prob | Coefficient | Prob | Coefficient | Prob | Coefficient | Prob | |
Panel | 0.248*** | 0.000 | −0.004 | 0.840 | 0.247*** | 0.000 | −0.008 | 0.787 |
Countries | ||||||||
Germany | −0.182** | 0.034 | 0.092** | 0.037 | −0.228* | 0.052 | 0.110* | 0.570 |
Iceland | −0.280 | 0.161 | 0.041 | 0.410 | −0.272 | 0.355 | 0.032 | 0.705 |
Italy | −0.978 | 0.197 | 0.038 | 0.632 | −1.885 | 0.210 | 0.085 | 0.479 |
Japan | −0.269 | 0.307 | 0.130* | 0.085 | −0.589 | 0.189 | 0.213* | 0.082 |
Mexico | 0.239 | 0.225 | −0.166*** | 0.000 | 0.137 | 0.584 | 0.201*** | 0.000 |
New Zealand | −0.389 | 0.268 | −0.018 | 0.727 | −0.697 | 0.245 | −0.026 | 0.684 |
Portugal | 0.450*** | 0.000 | −0.077 | 0.298 | 0.512*** | 0.000 | −0.045 | 0.656 |
Turkey | 0.355*** | 0.000 | 0.077 | 0.375 | 0.347* | 0.057 | 0.045 | 0.838 |
USA | −0.136 | 0.651 | 0.286*** | 0.003 | −0.241 | 0.589 | 0.247** | 0.033 |