Variable

Rest-of-World

United States

Residual Fuel Oil

Estimate

T-Stat.

P-Values

Estimate

T-Stat.

P-Values

Constant

5.252

2.47

0.01

−0.813

−1.72

0.09

Price

−0.021

−2.79

0.01

−0.006

−2.12

0.03

Dist. Price

0.017

1.62

0.11

Coal Price

0.219

1.60

0.11

GDP

0.112

2.13

0.03

0.150

2.50

0.01

Trend

−0.142

−3.83

0.00

−0.037

−2.13

0.03

Lagged Q

0.437

2.60

0.01

0.759

10.62

0.00

R2

0.985

0.916

Durbin H

1.318

0.19

1.143

0.25

Unit Root

−4.123

0.00

−2.840

0.13

Petroleum Coke

Constant

−0.295

−2.50

0.01

−0.076

−1.44

0.15

Price

−0.003

−2.53

0.01

−0.006

−3.74

0.00

NG Price

0.001

1.89

0.06

GDP

0.022

3.07

0.00

0.070

5.19

0.00

Trend

−0.017

−4.96

0.00

Lagged Q

0.452

2.41

0.02

0.388

2.92

0.00

D2004

0.083

7.34

0.00

D2000

−0.082

−12.34

0.00

R2

0.990

0.850

Durbin H

2.159

0.03

−0.878

0.38

Unit Root

−2.351

0.39

−2.678

0.20

Other Petroleum Products

Constant

−1.710

−2.00

0.05

0.015

0.08

0.93

Price

−0.007

−2.65

0.01

−0.003

−4.97

0.00

GDP

0.384

4.23

0.00

0.267

3.73

0.00

Trend

−0.128

−2.15

0.03

−0.073

−3.66

0.00

Lag Q

0.382

3.03

0.00

0.441

4.08

0.00

R2

0.991

0.773

Durbin H

2.989

0.00

0.076

0.94

Unit Root

−2.353

0.39

−2.805

0.14