In this article, the relationship between gasoline consumption, real GDP. real gasoline price and road infrastructure in China is re-estimated in order to update and extend the estimates documented in the literature Panel data for 17 Chinese provinces from 2003 to 2009 are analyzed under a recently proposed dynamic general method of moments (GMM) estimation technique. The long-run income and price elasticities are estimated to be 1.10 and-0.17. respectively.
机构:
Korea Energy Econ Inst, Dist Heating & Power Res Team, 405-11 Jongga Ro, Ulsan 44543, South KoreaKorea Energy Econ Inst, Dist Heating & Power Res Team, 405-11 Jongga Ro, Ulsan 44543, South Korea