Green Economic Efficiency Evaluation Based on the GMM Model

Table 3

Subregional one-step system GMM estimation.

	East	West	Central region	Northeast
lngdp i,t − 1	0.5533 (0.0623)	0.7290 (0.0886)	0.2209 (0.1161)	0.3513 (0.1146)
lngeei,t	0.3146 (0.0770)	0.1921 (0.0638)	0.5228 (0.1128)	0.4577 (0.0323)
lnki,t	0.1367 (0.0377)	0.0765 (0.0401)	0.2145 (0.0399)	−0.0689 (0.1215)
lnli,t	0.3134 (0.0578)	0.1209 (0.0554)	0.2663 (0.0267)	0.3183 (0.2888)
lnhi,t	−0.0107 (0.0212)	0.0149 (0.0110)	0.0631 (0.0153)	0.1618 (0.0373)
lnrdi,t	0.0111 (0.0164)	−0.0006 (0.0135)	0.0809 (0.0156)	0.0943 (0.0150)
lnisi,t	0.1262 (0.0586)	0.1487 (0.0283)	0.0969 (0.0583)	−0.0351 (0.1158)
AR(1)	[0.0290]	[0.0260]	[0.0840]	[0.0920]
AR(2)	[0.5520]	[0.8720]	[0.2220]	[0.1870]
Hansen test	[1.0000]	[1.0000]	[1.0000]	[1.0000]