Gasoline consumption in China: a dynamic panel data analysis
Raymond Li and
Guy Leung ()
Economics Bulletin, 2012, vol. 32, issue 3, 2375-2382
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.
Keywords: Chinese gasoline consumption; dynamic panel data; price and income elasticites (search for similar items in EconPapers)
JEL-codes: Q4 C5 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-12-00145
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