Research Article
VECM Model Analysis of Carbon Emissions, GDP, and International Crude Oil Prices
Table 7
VECM estimation results and test.
| | Error Correction: | D(LCP) | D(LGDP) | D(LOP) |
| | CointEq1 | -0.104234 [-2.58593] | -7.268381[-2.24355] | -2.133611[-7.90997] | | D(LCP(-1)) | -0.961687[-23.9237] | 4.000415[1.23820] | 1.308053[4.86264] | | D(LCP(-2)) | -0.954550[-24.0919] | 4.273666[1.34204] | 0.803946[3.03216] | | D(LCP(-3)) | -0.919406[-31.5065] | 4.670270[1.99125] | 0.556109[2.84777] | | D(LGDP(-1)) | -0.000414[-0.31978] | -0.640796[-6.16527] | -0.029396[-3.39685] | | D(LGDP(-2)) | -0.000291[-0.20219] | -0.152107[-1.31289] | -0.014040[-1.45546] | | D(LGDP(-3)) | 0.001903[1.50015] | -0.251021[-2.46167] | -0.019500[-2.29678] | | D(LOP(-1)) | 0.076443[3.11551] | 7.501668[3.80402] | 0.880550[5.36292] | | D(LOP(-2)) | 0.045991[2.36590] | 1.857454[1.18885] | 0.308622[2.37246] | | D(LOP(-3)) | 0.030246[1.86907] | 3.918942[3.01310] | 0.396354[3.66007] | | C | 0.004684[0.04941] | 0.733444[0.09628] | -0.167900[-0.26471] |
| | R-squared | 0.957803 | 0.390277 | 0.551367 |
| | Log likelihood | | -1223.996 | | | Akaike information criterion | | 21.35586 | | | Schwarz criterion | | 22.20116 | |
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