Nonlinear Effect Analysis of Electricity Price on Household Electricity Consumption

Table 4

Model parameter estimates (in the context of urbanization change).

	M5	M6	M7	M8
	0.39(1.52)	2.33(5.34)	0.37(1.73)	1.79(5.92)
	1.71(8.30)	‒0.54 (‒2.07)	2.18(7.87)	0.27 (0.87)
	‒0.95(‒3.42)	‒3.26(‒8.59)	‒1.53(‒3.94)	0.18(4.07)
	0.26(4.66)	0.07 (1.04)	0.58(6.37)	0.14(3.88)
	0.70 (1.24)	4.55(4.97)	‒0.47 (‒0.48)	‒0.26 (‒0.38)
	‒0.54(‒3.40)	‒0.28 (‒0.52)	2.21(3.26)	0.18 (1.02)
	‒0.08 (‒1.24)	‒0.04 (‒0.23)	0.01 (0.08)	−0.18(‒3.05)
	0.89(3.22)	0.62 (1.05)	1.32(4.11)	‒1.50(‒3.66)
	-0.69(‒2.83)	2.48(5.55)	‒0.91(-2.18)	2.55(5.67)
	‒0.14 (‒0.51)	2.56(5.97)	1.43(3.21)	‒1.74(‒5.24)
	‒0.12(‒2.12)	‒0.20(‒2.12)	‒0.39(‒4.17)	‒0.12(‒2.01)
	0.09 (0.25)	‒6.39(‒8.35)	0.86(1.53)	‒0.60 (‒1.00)
	0.59(4.78)	0.88(1.57)	‒2.22 (‒3.43)	‒0.19(‒1.15)
	0.09(1.44)	0.09 (0.51)	‒0.02 (‒0.15)	0.32(3.80)
	70.27	15.52	57.85	19.10
	3.79	4.05	3.69	3.91

Note. , , significant at the levels of 1%, 5%, and 10%, respectively. The t values for parameter estimates are in parentheses.