Cointegration and the demand for gasoline

B. Bhaskara Rao and Gyaneshwar Rao
Authors registered in the RePEc Author Service: B. Bhaskara Rao

Energy Policy, 2009, vol. 37, issue 10, 3978-3983

Abstract: Since the early 1970s, there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in policy and forecasting, following [Amarawickrama, H.A., Hunt, L.C., 2008. Electricity demand for Sri Lanka: A time series analysis. Energy Economics 33, 724-739], this paper estimates the demand for gasoline is estimated with five alternative time series techniques with data from Fiji. Estimates with these alternative techniques are very close, and thus increase our confidence in them. We found that gasoline demand is both price and income inelastic.

Keywords: Gasoline; demand; Income; and; price; elasticities; Cointegration (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (22)

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Related works:
Working Paper: Cointegration and the Demand for Gasoline (2008)
Working Paper: Cointegration and the demand for gasoline (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:37:y:2009:i:10:p:3978-3983

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