Table 9 

Results of regression model 2b for price of electricity in KWh 

Number of observations = 60 
Adjusted r^{2 }= 0.7923 
F statistic = 76.02 
p of F statistic < 0.0001 

Variable 
Coefficient 
SE 
T 
P 


ln GDP per capita 
1.090 
.0941 
11.58 
0.000 
ln total electricity consumption 
.1098 
.0410 
2.68 
0.010 
ln percentage of electricity generated from fossil fuel 
.107 
.0544 
1.97 
0.054 
Constant 
.1366 
.7399 
0.18 
0.854 


Dependent variable: log ratio of price of electricity in KWh to GDP per capita. BreuschPagan test of heteroskedasticity: 2.55 (p Chi2 = 0.11) VIF test for multicolinearity:1.20 (less than 2 indicates no multicollinearity) 

Johns et al. Cost Effectiveness and Resource Allocation 2006 4:8 doi:10.1186/1478754748 