Table 5b. ADF test for stationarity at first difference for of
capital formation.
t-statistic
P-value
Test critical values
–13.58911
0.0000
1% level
–3.615588
5% level
–2.941145
10% level
–2.609066
Table 6. Regression of a multivariate regression.
Log GDP
coefficient
t-statistic
P-value
Log Elec
0.032
1.26
0.214
Log Cap
0.757
14.22
0.000*
Log Lab
0.04
4.13
0.000*
R-squared = 0.978, Adj.R-squared = 0.976
*shows is statistically significant at 1 %
Table 7. Regression of electricity consumption vs. GDP.
Log GDP
coefficient
t-statistic
P-value
Log Elec
0.37
15.04
0.000*
R-squared = 0.844, Adj. R-squared = 0.840
*shows is statistically significant at 1 %
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