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Table 2 NO2 emissions and economic activity—historical data (1990–2018)

From: The effects of COVID-19 vaccines on economic activity

 

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

GDP growth

0.341**

0.326*

0.307*

      
 

(2.147)

(1.942)

(1.865)

      

Manufacturing VA growth

   

0.130***

0.134***

0.135***

   
    

(3.347)

(3.426)

(3.334)

   

IP growth

      

0.203*

0.201**

0.206**

       

(2.028)

(2.166)

(2.381)

Time trend

− 0.001***

− 0.001

0.000

− 0.002***

− 0.001**

− 0.001

− 0.002**

0.000

0.001

 

(− 3.353)

(− 1.520)

(0.770)

(− 3.352)

(− 2.086)

(− 1.046)

(− 2.348)

(0.638)

(0.919)

Average temperature

 

− 0.012***

− 0.011**

 

− 0.011***

− 0.011**

 

− 0.010**

− 0.012**

  

(− 3.285)

(− 2.521)

 

(− 3.151)

(− 2.628)

 

(− 2.214)

(− 2.537)

Urban population

 

− 0.004

  

− 0.004

  

− 0.011**

 
  

(− 1.335)

  

(− 1.324)

  

(− 2.088)

 

Population density

  

− 0.001*

  

− 0.001*

  

− 0.002**

   

(− 1.920)

  

(− 1.896)

  

(− 2.097)

Income per-capita

  

0.000

  

0.000

  

− 0.000

   

(0.065)

  

(0.108)

  

(− 1.200)

Log GDP

  

− 0.056

      
   

(− 1.601)

      

Log manufacturing VA

     

0.005

   
      

(0.295)

   

Log IP

        

− 0.042

         

(− 1.356)

Constant

− 0.005

0.350*

1.763*

0.004

0.380*

0.101

0.006

0.913**

0.558**

 

(− 0.529)

(1.898)

(1.825)

(0.500)

(1.838)

(0.195)

(0.399)

(2.509)

(2.511)

Fixed effects

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Clustered SE

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

R-squared

0.061

0.082

0.086

0.051

0.074

0.076

0.058

0.100

0.092

Observations

929

863

828

852

789

775

623

568

566

No. of countries

36

36

36

36

36

36

30

30

30

  1. Standard error clustered at the country level. Robust standard errors in parentheses ***, **, and * represent statistically significant at 1, 5, and 10%, respectively