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
中科院分区:
文献类型:
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作者:
P. Narayan;Philip Y. L. Wong
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.