The Impact of COVID-19 Outbreak on CO₂ Emissions in the Ten Countries with the Highest Carbon Dioxide Emissions

Table 4

The results of the Tobit panel.

Variables	Coefficient estimates	Z statistics	Standard deviation estimates	value
Governance	−0.25	−3.12	0.08	0.03
GDP growth	0.02	2.86	0.007	0.00
Export	0.06	3.01	0.02	0.01
Import	−0.04	−1.95	0.02	0.05
FDI	0.01	2.51	0.004	0.02
Sigma u	4.81	4.15	1.16	0.00
Sigma e	0.41	13.23	0.03	0.00
Rho	0.99		0.003

Notes: , , and denote statistical significance at the 10%, 5%, and 1% levels, respectively.