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Measuring the Impact of Economic Modernization on Energy Efficiency in Malaysia

Table 5: Long run impact on energy efficency

Dependent Variable: LEMethod: Fully Modified Least Squares (FMOLS)Sample (adjusted): 1981 2020Included observations: 40 after adjustmentsCo-integrating equation deterministics: CLong-run covariance estimate (Bartlett kernel, Newey-West fixed bandwidth = 4.0000)
Variable Coefficient Std. Error t-Statistic Prob.  
LG 0.492597 0.105562 4.666410 0.0000
LIN -0.234872 0.045280 -5.187090 0.0000
LUR -1.094241 0.224933 -4.864750 0.0000
C -2.944503 0.173317 -16.98912 0.0000
R-squared 0.718185 Mean dependent var -3.876689
Adjusted R-squared 0.694701 S.D. dependent var 0.060908
S.E. of regression 0.033654 Sum squared resid 0.040773
Long-run variance 0.001445
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