Table 2 Electricity
From: Estimating the contribution of infrastructure to national productivity in Europe
Main | Human capital | Tax | Trade | |
|---|---|---|---|---|
Investment | 0.3392 | 0.4152 | 0.3561 | 0.2686 |
Population growth | 0.1109 | 0.5085 | 0.2856 | 0.9598 |
Human capital | - | 0.2853 | - | - |
Trend | 0.0284 | 0.0234 | 0.0271 | 0.0200 |
AT (Over-investing) | −0.4328*** ++ (22) | −0.6970** (17) | −0.4473** ++ (22) | −0.1706 ++ (22) |
BE (Possibly over-investing) | −0.2648 + (17) | −0.6036** (17) | −0.3891** ++ (17) | −0.2461** + (17) |
BG | 0.0492* (17) | 0.0240 +++ (12) | 0.0535* (17) | 0.0498* (17) |
CH (Possibly over-investing) | 0.0150 +++ (21) | 0.1841 ++ (15) | 0.2593 +++ (21) | −0.2627* +++ (21) |
CY | 0.1271 ++ (13) | 0.1155 ++ (13) | 0.0914 ++ (13) | 0.0950 ++ (13) |
CZ | 0.1991 ++ (19) | 0.0428 +++ (14) | −0.1192 ++ (17) | 0.2123 ++ (19) |
DE | −0.0189 ++ (21) | −0.0658 ++ (20) | −0.0910* ++ (21) | 0.0979* +++ (21) |
DK (Under-investing) | 0.3547*** ++ (22) | −0.0671 +++ (20) | 0.0063 ++ (17) | 0.4363*** ++ (22) |
EE | 0.0034 ++ (19) | 0.0060 (14) | 0.0029 + (17) | 0.0031 ++ (19) |
EL | 0.5576 (12) | 0.0724 + (12) | 0.7893* +++ (12) | 0.5820 + (12) |
ES (Over-investing) | −0.3771*** + (22) | −0.4035*** + (20) | −0.4412*** + (17) | −0.2692** (22) |
FI | 0.4834 (22) | 0.2412 (17) | 0.4703 (22) | −0.1029 (22) |
FR (Possibly over-investing) | 0.2874 (20) | 0.1876 (19) | −0.0257 +++ (20) | −0.1218** ++ (20) |
HU | −0.0667 (17) | −0.2047 (15) | −0.2207 (17) | −0.0564 (17) |
IE | −0.8061* (17) | −0.2775 +++ (17) | −0.3691 ++ (17) | 0.0724 (17) |
IT (Over-investing) | −0.7730** +++ (22) | −0.4547** +++ (20) | −0.8499*** ++ (22) | −0.5951*** ++ (22) |
LT | 0.0099 (17) | 0.0909 ++ (14) | 0.0100 (17) | 0.0251 (17) |
LU | 0.0203 (17) | 0.1790 + (17) | −0.0995 (17) | 0.1468 (17) |
LV (Possibly over-investing) | −2.0138*** (17) | −1.2021*** +++ (14) | −1.8608*** (17) | −2.0194*** (17) |
MT | 2.2990 (6) | - | - | - |
NL (Over-investing) | −0.1947*** +++ (22) | −0.1428 ++ (16) | −0.4024*** +++ (17) | −0.1131* + (22) |
NO (Possibly over-investing) | −0.5140 (21) | −1.1028** ++ (15) | −1.3513*** +++ (16) | −0.3742 ++ (21) |
PL | −0.0392 (17) | −0.0742 + (15) | −0.0054 +++ (17) | −0.1328 + (17) |
PT | −0.1152 ++ (17) | −0.1250 ++ (17) | 0.0267 (17) | −0.0996 ++ (17) |
RO | −0.6245** (14) | −0.5610* (14) | −0.4950* (14) | −0.8396** (14) |
SE | −0.4355 (22) | −0.1630 (17) | −0.5213 (19) | −0.4000 (22) |
SI | 0.2329 (20) | 0.2686 + (16) | 0.1134 + (20) | 0.2233** +++ (20) |
SK (Possibly over-investing) | −0.4774*** (17) | −0.3500** + (14) | −0.4485** (17) | −0.5094*** (17) |
UK | −0.1372 ++ (22) | −0.2653 ++ (20) | −0.1280 ++ (22) | −0.1067 (22) |
Error-correction term | −0.6520 | −1.0092 | −0.7981 | −0.7784 |
Adjusted R2 (long-run) | 0.956 | 0.961 | 0.965 | 0.973 |
Adjusted R2 (short-run) | 0.637 | 0.682 | 0.687 | 0.756 |
F-statistic (long-run) | 369.4 | 220.8 | 324.1 | 436.1 |
F-statistic (short-run) | 12.5 | 13.1 | 13.1 | 18.5 |