Table 3 Benchmark regression findings on energy usage, income, and climate change
From: An analysis of the correlation between income and the consumption of energy in Bangladesh
Parameters | Coefficient (1) | Coefficient (2) | Coefficient (3) | Coefficient (4) |
|---|---|---|---|---|
INCP | − 0.9796*** | − 0.7932*** | − 0.7675*** | 1.5521*** |
(0.3243) | (0.1721) | (0.1543) | (0.3875) | |
INCP2 | − 0.1592*** | |||
(0.0358) | ||||
TEMP | − 0.2341** | − 0.1902** | ||
(0.0974) | (0.0721) | |||
RH | − 0.0497** | − 0.0481** | ||
(0.0261) | (0.0217) | |||
RE | − 3.5412*** | − 3.3648*** | − 3.1547*** | |
(1.1197) | (1.1702) | (1.1012) | ||
TA | − 0.0038*** | − 0.0033*** | 0.0035*** | |
(0.0013) | (0.0011) | (0.0012) | ||
DP | 0.1402** | 0.1375** | 0.1317** | |
(0.0497) | (0.0521) | (0.0523) | ||
_cons | 6.1276*** | 4.5178*** | 9.9742*** | 3.3741** |
(0.3871) | (0.5578) | (2.4412) | (1.5542) | |
Year impact | True | True | True | True |
Division impact | True | True | True | True |
N | 450 | 450 | 450 | 450 |
R2 | 0.1112 | 0.9612 | 0.9501 | 0.9604 |
Akaike’s information criteria (AIC) | 790.7412 | 805.7412 | 800.8664 | 798.7441 |
Bayesian information criteria (BIC) | 825.7454 | 964.7841 | 969.4682 | 935.7856 |