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Table 7 Regression results of the ARDL model (1,1,1,0,0)

From: Balancing short-term costs and long-term benefits: an analysis of the impact of hydroelectric power generation on electricity prices volatility in Cameroon

ln_EPv

Coefficient

Std. err.

t

P > t

D(ln_EPv)

0.360**

0.143

2.510

0.031

D(ln_HYDRO)

−1.218

5.986

−0.200

0.843

D(ln_HYDRO(−1))

17.469**

6.549

2.670

0.024

D(ln_DE)

−3.612

4.125

−0.880

0.402

D(ln_DE(−1))

−4.329

4.034

−1.070

0.308

D(ln_GDP)

2.929**

1.016

2.880

0.016

D(ln_REER)

−20.623*

9.775

−2.110

0.061

DU

−2.068

1.235

−1.670

0.125

Constant

22.555

70.347

0.320

0.755

F-statistic

9.57

   

Prob > F

0.0009

   

R-squared

0.8845

   

Number of obs

19

   
  1. Source: Authors
  2. ***p < 0.01, **p < 0.05, *p < 0.1