Research Article
Stochastic Energy Performance Evaluation Using a Bayesian Approach
Table 1
Descriptive statistics for the variables.
| | Variable descriptions | Name | Mean | Std. dev. | Minimum | Maximum |
| | Energy consumption (ktoe) | EC | 132213.4 | 294020.13 | 2537.987 | 1789290 | | GDP (billion US 2005$PPP) | GDP | 894.762 | 1716.2709 | 9.576 | 12617.02 | | Real price of energy (2005 = 100) | RPE | 109.615 | 18.2262 | 59.9872 | 190.736 | | Area size in km2 | ASC | 1396835 | 3092748.6 | 2900.8 | 11182830 | | Share of industrial sector in % of GDP | SVAIS | 34.507 | 5.7942 | 17.696 | 50.176 | | Share of service sector in % of GDP | SVASS | 70.279 | 7.5036 | 49.392 | 93.968 |
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