Cointegration and the demand for gasoline

被引:24
|
作者
Rao, B. Bhaskara [1 ]
Rao, Gyaneshwar [2 ]
机构
[1] Univ Western Sydney, Sydney, NSW 1797, Australia
[2] Univ S Pacific, Suva, Fiji
关键词
Gasoline demand; Income and price elasticities; Cointegration; EMPIRICAL-ANALYSIS; LONG-RUN; ENERGY DEMAND; SOUTH-AFRICA; ELASTICITIES; TRENDS;
D O I
10.1016/j.enpol.2009.04.046
中图分类号
F [经济];
学科分类号
02 ;
摘要
Since the early 1970s, there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in policy and forecasting, following [Amarawickrama, H.A., Hunt, L.C., 2008. Electricity demand for Sri Lanka: A time series analysis. Energy Economics 33, 724-739], this paper estimates the demand for gasoline is estimated with five alternative time series techniques with data from Fiji. Estimates with these alternative techniques are very close, and thus increase our confidence in them. We found that gasoline demand is both price and income inelastic. (C) 2009 Elsevier Ltd. All rights reserved
引用
收藏
页码:3978 / 3983
页数:6
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