Skip to main content

Table 1 Cointegration test results of relevant variables and energy consumption

From: The impact of relative energy prices on industrial energy consumption in China: a consideration of inflation costs

Energy consumption Null hypothesis Characteristics of the root The trace statistic 5 % critical value P value
C1 Nonea 0.8654 103.8884 69.8189 0.0000
At most 1a 0.7213 57.7710 47.8561 0.0045
At most 2 0.5630 28.3861 29.7971 0.0721
C2 Nonea 0.8910 115.4177 69.8189 0.0000
At most 1a 0.7965 64.4490 47.8561 0.0007
At most 2 0.5816 27.8306 29.7971 0.0829
  1. aRejection of the null hypothesis at the 5 % confidence level