The effect of business regulations, property rights, and legal system on CO2 emissions: empirical evidence from the BRICS-T countries

In the empirical part of our research paper, the starting step includes performing the CD and heterogeneity tests. Hence, LM (Lagrange Multiplier) (Breusch and Pagan, 1980), LM CD (Pesaran, 2004), and LM_adj. (Pesaran et al., 2008) tests are first…