Exploring the impact of environmental, social, and governance on clean development mechanism implementation through an institutional approach.

Export was not statistically meaningful in Model 5 but highly significant in Model 6 ( p < 0.001).

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All control variables in Model 7 and Model 8 showed meaningful statistical results; exports reached 10% levels in Model 7, which was partially significant but reached 0.1% level with high statistical significance in Model 8.

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