Table 9

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

Number of observations = 60

Adjusted r2 = 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.

Breusch-Pagan 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:10.1186/1478-7547-4-8

Open Data