Research Article
Does Foreign Direct Investment Impact Energy Intensity? Evidence from Developing Countries
Table 3
Results of dynamic correlation coefficient.
| | | t | t − 1 | t − 2 | t − 3 |
| | FDI | −0.1941 (0.0001) | −0.2001 (0.0001) | −0.2110 (0.0000) | −0.2152 (0.0000) | | Inno | −0.1599 (0.0013) | −0.1595 (0.0017) | −0.1622 (0.0018) | −0.1660 (0.0018) | | LnperGDP | −0.5436 (0.0000) | −0.5380 (0.0000) | −0.5318 (0.0000) | −0.5264 (0.0000) | | Trade | −0.0443 (0.3769) | −0.0367 (0.4736) | −0.0319 (0.5420) | −0.0273 (0.6104) | | Indus | 0.2433 (0.0000) | 0.2536 (0.0000) | 0.2586 (0.0000) | 0.2615 (0.0000) | | Ener | −0.0581 (0.2462) | −0.0679 (0.1845) | −0.0750 (0.1510) | −0.0811 (0.1286) |
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Notes. values are showed in parentheses. |
