Abstract
This research note provides an examination of the hotel industry as a determinant of electricity consumption in Singapore. The GARCH-M(1, 1) model has been adopted to model the relationship between electricity consumption and the hotel industry in Singapore, together with a control variable (industrial production). This study identifies industrial production, gross lettings in terms of room nights, and the variability of electricity consumption as the key determinants that affect electricity consumption. All these variables exhibit positive effects on electricity consumption in Singapore.
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