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

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Table 5 The results of the state-space model

Energy consumption	State parameter	Final state	Root MSE	z-statistic	Prob.
C₁	SV_Y	0.800249	0.062752	12.75255	0.0000***
	SV_S	−0.866024	0.219378	−3.947634	0.0001***
	SV_E	3.414087	0.183423	18.61323	0.0000***
	SV_P	0.041590	0.106340	0.391105	0.6957
C₂	SV_Y	−0.199939	0.062757	−3.185908	0.0014***
	SV_S	−0.866359	0.219397	−3.948824	0.0001***
	SV_E	3.412813	0.183438	18.60470	0.0000***
	SV_P	0.041810	0.106349	0.393139	0.6942

*^, **^, *** Rejection of the null hypothesis at the 10, 5 and 1 % confidence levels, respectively