| Variables | Proxy | Unit of measurement | Used by | 
 
   
   | Carbon emissions (C) | “Carbon emissions from solid fuel consumption” | ktoe | Ahmad et al., (2017) Brown and McDonough (2016) | 
 
   
   | Domestic Investment (K) | “Domestic Investment” | US$(2010=100) | Bekhet and Al-Smadi (2017)Rafindadi et al. (2018) | 
 
   
   | Private Investment (D) | “Domestic Credit to private sector” | US$(2010=100) | Charfeddine and Khediri (2016)Katircioglu and Taspinar (2017) | 
 
   
   | Foreign Investment (F) | “Inflow FDI” | US$(2010=100) | Tamazian and Rao (2009)Tamazian et al. (2010) | 
 
   
   | “Gross Domestic Product (Y)” | “Gross Domestic Product” | US$(2010=100) | Ahmad et al. (2017)Brown and McDonough (2016) |