Is Financial Development in Malaysia Green? An Empirical Assessment of EKC Hypothesis
Table 6:
| Model | F-statistic | Critical value | Decision | ||
| Model 1: LC/ LK,LK2, LY | 5.048*** | 10% | 2.538 | 3.398 | Co-integrated |
| Model 2: LC/ LD,LD2, LY | 4.199** | 5% | 3.048 | 4.002 | Co-integrated |
| Model 3: LC/ LF,LF2, LY | 2.506 | 1% | 4.188 | 5.328 | Not Co-integrated |