Gasoline consumption in China: a dynamic panel data analysis

Raymond Li and Guy Leung ()

Economics Bulletin, 2012, vol. 32, issue 3, 2375-2382

Abstract: 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: C5 Q4 (search for similar items in EconPapers)
Date: 2012-08-30
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