Research Article
Estimating Elasticity for Residential Electricity Demand in China
Table 2
Estimation results using OLS technique.
| | Model 1: basic | Model 2: income effect | Model 3: urban versus rural |
| Dependent variable: ln(residential electricity consumption) | ln(PE_res) | −2.477*** | −2.638*** | −3.735*** | (0.374) | (0.493) | (0.492) | ln(Income) | 0.058*** | 0.016** | 0.063*** | (0.005) | (0.007) | (0.009) | ln(PE_ng) | −0.486** | (0.252) | 0.304 | (0.247) | (0.258) | (0.246) | ln(HSIZE) | 0.162*** | 0.103*** | 0.159*** | (0.021) | (0.030) | (0.029) | FSIZE | 0.068*** | 0.069*** | 0.099*** | (0.013) | (0.013) | (0.012) | Age | 0.002 | 0.000 | −0.005*** | (0.001) | (0.001) | (0.001) | Edu | 0.064*** | 0.052*** | 0.030*** | (0.004) | (0.005) | (0.003) | ln(PE_res)*Rich | | 0.482 | | | (0.661) | | Rich | | 0.201 | | | (0.291) | | ln(PE_res)*Urban | | | 2.644*** | | | (0.652) | ln(Income)*Urban | | | −0.040*** | | | (0.011) | Urban | | | (0.240) | | | (0.307) | Year FE | Y | Y | Y | OLS | OLS | OLS | Observations | 3298.000 | 3298.000 | 3298.000 | R-squared | 0.160 | 0.186 | 0.239 |
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Note: Robust standard errors in parentheses; ***, **, *.
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