A panel data analysis of the determinants of oil consumption: The case of Australia

A panel data analysis of the determinants of oil consumption: The case of Australia
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DOI:
10.1016/j.apenergy.2009.04.035
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发表时间:
2009-12
期刊:
影响因子:
11.2
通讯作者:
P. Narayan;Philip Y. L. Wong
P. Narayan;Philip Y. L. Wong
中科院分区:
工程技术1区
文献类型:
--
作者:
P. Narayan;Philip Y. L. Wong

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本文的目的是研究 1985 年至 2006 年期间由澳大利亚六个州和一个地区(即昆士兰州、新南威尔士州、维多利亚州、塔斯马尼亚州、南澳大利亚州、西澳大利亚州和北部地区)组成的小组的石油消费决定因素。我们发现石油消费、石油价格和收入是面板协整的。我们估计长期弹性,发现石油价格对石油消费的影响在统计上不显着,而收入对石油消费的影响在统计上显着。
The goal of this paper is to examine the determinants of oil consumption for a panel consisting of six Australian States and one territory, namely Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, and the Northern territory, for the period 1985–2006. We find that oil consumption, oil prices and income are panel cointegrated. We estimate long-run elasticities and find that oil prices have had a statistically insignificant impact on oil consumption, while income has had a statistically significant positive effect on oil consumption.