Table 4.

Regression results

lnwindcapa	Coef.	St.Err	t value	p value	[95% Conf	Interval]	Sig
lngdpgrowth	− 0.340	0.116	− 2.93	0.005	− 0.573	− 0.107	***
lnresxhydro	0.046	0.049	0.94	0.354	− 0.053	0.144
lnenergyuse	0.411	0.238	1.73	0.090	− 0.066	0.888	*
lnenergyimport	1.002	0.460	2.18	0.034	0.079	1.925	**
lnelectricrate	− 0.250	0.629	− 0.40	0.693	− 1.511	1.011
lnelectricconsu	4.803	1.178	4.08	0.000	2.441	7.164	***
lnco2	− 0.051	0.028	− 1.79	0.079	− 0.107	0.006	*
Lnelectfrmfssfuel	− 0.447	0.134	− 3.34	0.002	− 0.715	− 0.178	***
LicensingDuration(Dummy)	0.004	0.306	0.01	0.990	− 0.609	0.617
FITs(Dummy)	− 0.110	0.302	− 0.36	0.716	− 0.715	0.494
Tax(Dummy)	− 0.068	0.258	− 0.26	0.793	− 0.585	0.449
Constant	− 29.205	6.616	− 4.41	0.000	− 42.469	− 15.941	***
Mean dependent var	2.411		SD dependent var.		2.482
R-squared	0.812		Number of obs		74.000
F-test	21.138		Prob > F		0.000
Akaike crit. (AIC)	125.108		Bayesian crit. (BIC)		152.757

*** p < 0.01, ** p < 0.05, * p < 0.1