Economics at your fingertips  

Income and Price Elasticities of Crude Oil Demand in Pakistan

Khalil Jebran, A Abdullah (), Mahmoud Moustafa Elhabbaq and Arshad Ali

Global Business Review, 2017, vol. 18, issue 6, 1373-1383

Abstract: This study is an attempt to examine the income and price elasticities of crude oil demand in Pakistan using annual data from 1981 to 2013. The short-and long-run relationship was analysed by autoregressive distributed lag (ARDL) bounds testing approach. The results reveal that income and exchange rate show significant positive relationship with crude oil demand in short run as well as in long run. The analyses also show that crude oil price and domestic production have negative effect in both short and long run on crude oil demand. The income is found to be a strong determinant of crude oil demand in both short and long run. This study suggests that strategies would be formulated and adopted which may control the demand of crude oil without affecting the economic growth of Pakistan.

Keywords: Crude oil demand; ARDL; Pakistan; price; income; domestic production (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1177/0972150917713049

Access Statistics for this article

More articles in Global Business Review from International Management Institute
Bibliographic data for series maintained by SAGE Publications ().

Page updated 2023-06-15
Handle: RePEc:sae:globus:v:18:y:2017:i:6:p:1373-1383