Oil demand and technical progress

Hillard Huntington

Applied Economics Letters, 2010, vol. 17, issue 18, 1747-1751

Abstract: This analysis provides an empirical perspective on the role of technical progress in OECD oil demand since 1971. It differentiates the role of price-induced and exogenous technical progress from other time-related factors that may influence oil demand growth. Results confirm that both sources of technical progress operate but that price-induced improvements appear to be substantially larger.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:17:y:2010:i:18:p:1747-1751

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DOI: 10.1080/13504850903299636

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