Oil price, energy consumption and carbon dioxide (CO2) emissions: insight into sustainability challenges in Venezuela

Latin American Economic Review

Table 10 Generalized variance decomposition analysis

	lnEngy	lnOIL	lnCO₂	lnRgdpc	lnGCE	lnTrd
Variance decomposition of lnEngy
1	75.687	7.492	11.613	0.006	4.476	0.725
3	62.885	17.126	13.129	1.167	2.721	2.972
5	58.783	20.594	13.000	1.463	2.420	3.741
6	57.625	21.577	13.069	1.569	2.308	3.852
9	56.119	22.929	12.848	1.669	2.179	4.257
10	55.772	23.231	12.836	1.696	2.148	4.317
Variance decomposition of lnOIL
1	6.531	65.976	0.065	0.525	6.753	20.150
3	5.743	59.679	0.263	0.268	9.674	24.373
5	5.756	59.216	0.225	0.269	9.657	24.878
6	5.754	59.042	0.218	0.260	9.747	24.979
9	5.750	58.830	0.209	0.250	9.826	25.135
10	5.749	58.782	0.207	0.248	9.845	25.168
Variance decomposition of lnCO₂
1	4.306	10.479	68.294	0.816	16.038	0.067
3	16.204	8.933	52.795	3.632	13.285	5.151
5	21.597	6.807	45.575	3.360	13.943	8.719
6	22.859	6.383	43.999	3.435	13.946	9.376
9	25.149	5.520	41.055	3.489	14.069	10.719
10	25.605	5.353	40.471	3.500	14.090	10.981
Variance decomposition of lnRgdpc
1	0.006	0.544	16.056	68.367	14.093	0.934
3	0.821	4.034	30.055	52.169	6.519	6.403
5	0.637	5.836	28.950	51.474	4.924	8.179
6	0.617	6.159	28.945	51.112	4.582	8.584
9	0.570	6.700	28.854	50.641	3.998	9.237
10	0.561	6.804	28.836	50.549	3.889	9.361
Variance decomposition of lnGCE
1	4.218	7.300	0.852	14.702	71.322	1.606
3	6.137	3.500	6.376	17.566	63.349	3.073
5	5.594	2.383	5.319	18.373	64.452	3.879
6	5.568	2.083	5.287	18.589	64.355	4.119
9	5.520	1.554	5.014	18.945	64.505	4.462
10	5.504	1.442	4.964	19.023	64.526	4.541
Variance decomposition of lnTrd
1	0.677	21.596	4.458	0.966	1.592	70.710
3	0.315	16.564	8.441	0.445	3.038	71.196
5	0.259	14.422	10.302	0.305	3.306	71.406
6	0.245	13.795	10.834	0.264	3.398	71.464
9	0.203	12.680	11.748	0.187	3.567	71.614
10	0.196	12.438	11.949	0.171	3.602	71.643