Table 6.
Estimation results of joint test for logarithmic series of seasonally adjusted GDP and electricity consumption.
| Source of causality | ||
|---|---|---|
| Dependent variables | Joint short/long-term test |
|
| ΔGDPSA and ECT | ΔELECSA and ECT | |
| F-statistics | ||
| ΔGDPSA | – | 0.6512 |
| ΔELECSA | 4.1797** | – |
Notes: 1.ΔGDPSA and ΔELECSA are the first-difference series of LGDPSA and LELECSA respectively; ECT is the Error Correction Term. Δ denotes first-difference of variables. 2. * and ** denote the rejection of the null hypothesis at the 1 percent and 5 percent significance value, respectively.