Mechanism test of electricity demand
| (1) | (2) | (3) | |
|---|---|---|---|
| Variables | Dem | Y | Y |
| DID | −154.8** (71.61) | −11.44*** (2.317) | |
| Con | −609.1 (388.1) | 16.04 (13.21) | 14.78 (12.49) |
| GDP | 0.0306*** (0.00534) | 0.000442** (0.000195) | 0.000419** (0.000184) |
| Gov | 0.0272 (0.0323) | −0.000473 (0.00107) | 0.000663 (0.00104) |
| Power | −855.6** (349.5) | −15.48 (11.07) | 6.144 (11.34) |
| Dem | −0.00519** (0.00238) | −0.00690*** (0.00227) | |
| Control variables | YES | YES | YES |
| Individual effect | YES | YES | YES |
| Time effect | YES | YES | YES |
| Constant | 1797*** (425.9) | 304.3*** (14.27) | 282.2*** (14.22) |
| Observations | 240 | 240 | 240 |
| R2 | 0.989 | 0.928 | 0.936 |
| (1) | (2) | (3) | |
|---|---|---|---|
| Variables | Dem | Y | Y |
| DID | −154.8 | −11.44 | |
| Con | −609.1 (388.1) | 16.04 (13.21) | 14.78 (12.49) |
| GDP | 0.0306 | 0.000442 | 0.000419 |
| Gov | 0.0272 (0.0323) | −0.000473 (0.00107) | 0.000663 (0.00104) |
| Power | −855.6 | −15.48 (11.07) | 6.144 (11.34) |
| Dem | −0.00519 | −0.00690 | |
| Control variables | YES | YES | YES |
| Individual effect | YES | YES | YES |
| Time effect | YES | YES | YES |
| Constant | 1797 | 304.3 | 282.2 |
| Observations | 240 | 240 | 240 |
| 0.989 | 0.928 | 0.936 |
Notes: Standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1