Determinants of Electricity Transmission and Distribution Losses in South Africa

Table 5

Long-run estimation results from 1971–2014.

Variables	ARDL		DOLS		FMOLS
	Coefficient	Std. error	Coefficient	Std. error	Coefficient	Std. error
lnY	−1.2244	0.3084	−0.5640^∗∗	0.2695	−0.6814	0.3173
lnINV	0.3948	0.1359	0.5256	0.1614	0.6394	0.1673
P	0.0034	0.0030	−0.0038	0.0025	−0.0009	0.0028
POLI	0.1019	0.0199	0.1099	0.0168	0.0652	0.0189
lnEINT	0.7187	0.2736	0.9011	0.2830	−0.0412	0.2214
C	20.8752	7.7372	0.0199	6.8747	3.9998	7.8374

Note. and denotes 1, and 5% level of significance, respectively.