The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
From: Revisiting the electricity consumption-led growth hypothesis: is the rule defied in France?
Long run analysis | ||||||
---|---|---|---|---|---|---|
Variables | Coeff. | T-stat | Coeff. | T-stat | Coeff. | T-stat |
Constant | 4.7345* | 24.5898 | 5.2010* | 19.5478 | 4.9423* | 23.940 |
\(\ln F_{t}\) | 0.0163** | 2.2559 | 0.2815* | 14.5480 | 0.2708* | 14.774 |
\(\ln EC_{t}\) | 0.2744* | 14.688 | 0.0200** | 2.7073 | 0.0135*** | 1.9216 |
\(\ln K_{t}\) | 0.1798* | 6.6848 | 0.0831** | 2.1247 | 0.1237* | 3.9669 |
\(\ln TO_{t}\) | – | – | – | – | 0.1725* | 9.1224 |
\(\ln EX_{t}\) | 0.1487* | 8.7552 | – |  | – | – |
\(\ln IM_{t}\) | – | – | 0.1774* | 7.7777 | – | – |
Short-run analysis | ||||||
---|---|---|---|---|---|---|
Variables | Coeff. | T-stat | Coeff. | T-stat | Coeff. | T-stat |
Constant | 0.0038** | 2.3806 | 0.0051* | 2.8994 | 0.0038** | 2.3056 |
\(\ln F_{t}\) | 0.0056 | 1.1929 | 0.0056 | 1.0826 | 0.0059 | 1.2437 |
\(\ln EC_{t}\) | 0.1334* | 3.1069 | 0.1722* | 3.2487 | 0.1306** | 2.7187 |
\(\ln K_{t}\) | 0.1802* | 5.0623 | 0.1354** | 2.5551 | 0.1242* | 2.8709 |
\(\ln TO_{t}\) | – | – | – | – | 0.1790* | 4.5446 |
\(\ln EX_{t}\) | 0.1572* | 5.1486 | – | – | – | – |
\(\ln IM_{t}\) | – | – | 0.1204* | 2.9153 | – | – |
\(ECM_{t - 1}\) | − 0.3686* | − 2.4552 | − 0.5306* | − 3.2308 | − 0.4395* | − 2.6129 |
\(R^{2}\) | 0.8571 | Â | 0.8191 | Â | 0.8528 | Â |
F-statistic | 43.2053* | Â | 32.6186* | Â | 41.7260* | Â |
D. W | 1.5509 | Â | 1.5359 | Â | 1.6520 | Â |
Short-run diagnostic tests | ||||||
---|---|---|---|---|---|---|
Test | F-stat | P-value | F-stat | P-value | F-stat | P-value |
\(\chi_{NORMAL}^{2}\) | 5.4026 | 0.0671 | 3.2525 | 0.1966 | 1.2038 | 0.1212 |
\(\chi_{SERIAL}^{2}\) | 2.5905 | 0.0694 | 0.3153 | 0.8339 | 2.1414 | 0.1462 |
\(\chi_{ARCH}^{2}\) | 1.7716 | 0.1909 | 1.9436 | 0.1712 | 1.7056 | 0.1996 |
\(\chi_{WHITE}^{2}\) | 3.1184 | 0.0664 | 1.1671 | 0.1491 | 2.3603 | 0.0531 |
\(\chi_{REMSAY}^{2}\) | 1.1955 | 0.2399 | 0.5363 | 0.5951 | 0.1058 | 0.9163 |